GBPUSD Price Analysis The GBPUSD price resumes the rise to approach the awaited target at 1.2580$. The potential exists to surpass this level and achieve additional gains up to 1.2700$, supported by the EMA50. Breaching 1.2580$ would complete forming a positive pattern with targets exceeding 1.2700$ to reach 1.2820$ areas. We expect further rise in upcoming sessions unless the price breaks below 1.2480$ and holds below it.

The expected trading range for today is between 1.2480$ support and 1.2640$ resistance.

Trend forecast: Bullish