GBPUSD Price Analysis Expected Scenario The GBPUSD price provides more positive trades to test the key resistance 1.2700$, and the EMA50 meets this level to add more strength to it and keeps the chances valid to resume the bearish trend, to keep the negative scenario valid for the upcoming period, which its next target located at 1.2580$. Note that breaching 1.2700$ will stop the expected decline and lead the price to build bullish wave that its targets begin at 1.2800$ and extend to 1.2890$. Expected Trading Range Between 1.2600$ support and 1.2760$ resistance.

Trend Forecast: Bearish