GBPUSD Price Analysis Expected Scenario The GBPUSD price is exhibiting a calm bullish bias, attempting to move away from the key support at $1.2700. This supports the expected bullish trend on the intraday basis, targeting $1.2800 as the next station. The bullish sentiment is supported by the EMA50, which is carrying the price from below. Holding above $1.2700 is crucial for the continuation of the expected rise. Breaking below $1.2700 could exert negative pressure on the price, with targets starting at the retesting of the breached neckline of the double bottom pattern at $1.2630, possibly extending to $1.2580 before any new positive attempt. Expected Trading Range Between the support at $1.2650 and the resistance at $1.2800.

Trend Forecast: Bullish