GBPUSD Price Analysis Expected Scenario The GBPUSD price hovers around the EMA50, showing tight trades in the previous sessions, waiting to get negative motive that assist to push the price to resume the expected bearish trend for the upcoming period, which its targets begin by breaking 1.2480$ to confirm opening the way to head towards 1.2385$.

Holding below 1.2580$ is important to the continuation of the expected decline, as breaching it represents the key to start bullish wave that targets 1.2700$ areas on the near-term basis.

Expected Trading Range The expected trading range for today is between 1.2440$ support and 1.2600$ resistance.

Trend Forecast: Bearish