GBPUSD Price Analysis Expected Scenario The GBPUSD price settles below 1.2700$ level, to keep the bearish trend scenario active for the upcoming period, as the EMA50 meets the mentioned resistance to add more strength to it and support the expectations to decline today, waiting to visit 1.2580$ as a next main target. On the other hand, we should note that breaching 1.2700$ will lead the price to start recovery attempts and achieve gains that start by visiting 1.2800$ areas initially. Expected Trading Range Between 1.2600$ support and 1.2750$ resistance.

Trend Forecast: Bearish