GBPUSD Price Analysis Expected Scenario The GBPUSD price bounced bearishly after testing 1.2800$ barrier, to head towards potential test to the key support 1.2700$, noting that the EMA50 continues to provide the positive support to the price, to keep the main bullish trend scenario active for the upcoming period, which its next target located at 1.2893$. The positive effect of the double bottom pattern still valid and supports the continuation of the expected bullish trend, which will remain valid conditioned by the price stability above 1.2700$. Expected Trading Range Between 1.2680$ support and 1.2830$ resistance.

Trend Forecast: Bullish