GBPUSD Price Analysis Expected Scenario The GBPUSD price tested the key support 1.2580$ and bounced bullishly from there, to settle around the EMA50, which keeps our positive overview valid for the upcoming period, reminding you that our first target is located at 1.2700$. Breaching the mentioned level will confirm regaining the main bullish trend and head to achieve additional gains on the longer-term basis, while breaking 1.2580$ will push the price to achieve additional bearish correction that its next target reaches 1.2480$. Expected Outcome The GBPUSD price is expected to maintain its bullish momentum, with the first target at 1.2700$. A breach of this level would confirm a continuation of the main bullish trend, while breaking below 1.2580$ could lead to further bearish correction with the next target at 1.2480$.

Expected Trading Range Between 1.2560$ support and 1.2720$ resistance.

Trend Forecast: Bullish