The GBPUSD price managed to touch our waited target at 1.2580$ and attempts to break it, to hint heading to achieve more expected bearish correction in the upcoming sessions, paving the way to target 1.2480$ areas as a next negative station.

Therefore, the bearish trend will remain dominant on the intraday basis, noting that failing to confirm breaking 1.2580$ will lead the price to start recovery attempts and build bullish wave that its first target located at 1.2700$.

The expected trading range for today is between 1.2530$ support and 1.2650$ resistance.

Trend forecast: Bearish