GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity after consolidating above the 1.2480$ level, heading towards a potential test of the 1.2580$ level. We suggest the continuation of the bullish bias on the intraday basis to surpass this level and achieve additional gains up to 1.2700$. The EMA50 supports the suggested bullish wave. However, breaking below 1.2480$ will stop the expected rise and push the price to turn to decline. Expected Trading Range Between the support at 1.2460$ and the resistance at 1.2630$.

Trend Forecast: Bullish