GBPUSD Price Analysis Expected Scenario The GBPUSD price traded with clear negativity yesterday to approach 1.2600$ barrier, reinforcing the expectations of continuing the decline on the intraday basis, which targets 1.2580$ as a next station, noting that breaking this level will extend the bearish wave to reach 1.2480$. The EMA50 keeps pressing negatively on the price to reinforce the chances of continuing the expected bearish trend, which will remain valid conditioned by the price stability below 1.2700$. Expected Trading Range Between 1.2540$ support and 1.2700$ resistance.

Trend Forecast: Bearish