GBPUSD Price Analysis Expected Scenario The GBPUSD price has rallied upwards, clearly breaching the 1.2700$ level and settling above it. This reinforces expectations for continued bullish trend on the intraday and short-term basis, with the next positive target at 1.2800$. We anticipate further rise in upcoming sessions, influenced by the previously completed double bottom pattern. However, failure to consolidate above 1.2700$ may put the price under intraday negative pressure, with potential tests at 1.2630$ and 1.2580$ before any new attempt to rise. Expected Trading Range Between 1.2630$ support and 1.2790$ resistance.

Trend Forecast: Bullish