GBPUSD Price Analysis The GBPUSD price opens todays trading with clear decline to succeed achieving our first waited target at 1.2385$, falling under negative pressure that makes us suggest surpassing this level and open the way to continue the decline on the intraday and short-term basis, noting that the next station reaches 1.2265$. Therefore, the bearish trend scenario will remain valid and active for the upcoming period, noting that breaching 1.2480$ will stop the bearish trend and lead the price to attempt to regain the main bullish trend again. The expected trading range for today is between 1.2300$ support and 1.2460$ resistance.

Trend forecast: Bearish