GBPUSD Price Analysis Expected Scenario The GBPUSD price ended yesterday with clear positivity after leaning on the EMA50 that formed solid support against the price, to breach 1.2580$ and settle above it, which pushes the price to recover and head to achieve expected rises in the upcoming sessions. By taking a deeper look at the chart, we find that the price is forming double bottom pattern that its signs appear on the chart, its confirmation line is located at 1.2630$, which means that breaching this level will lead the price to achieve strong gains that start by surpassing 1.2700$ to confirm rallying towards 1.2800$ followed by 1.2890$. Therefore, we expect to witness positive trades in the upcoming sessions, taking into consideration that breaking 1.2580$ will stop the positive scenario and push the price to turn to decline. Expected Trading Range Between 1.2510$ support and 1.2680$ resistance.

Trend Forecast: Bullish