The GBPUSD price faces new negative pressure to test the key support 1.2700$, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend scenario active for today, as breaking it represents the key to start bearish wave that its next main target reaches 1.2580$.

On the other hand, note that breaching 1.2755$ will reinforce the chances of resuming the bullish wave that its next main target located at 1.2893$.

The expected trading range for today is between 1.2700$ support and 1.2845$ resistance.

Trend forecast: Bullish