GBPUSD Price Analysis Expected Scenario The GBPUSD price rallied upwards clearly yesterday, as it managed to breach the neckline of the double bottom pattern and touch our first awaited target at 1.2700$, waiting for more rise affected by the mentioned pattern to surpass this level followed by heading towards 1.2800$ as a next positive station. Therefore, our bullish overview will remain valid for the upcoming period, taking into consideration that failing to breach 1.2700$ might force the price to decline to test the key support levels at 1.2630$ and might extend to 1.2580$ before any new attempt to rise. Expected Trading Range Between 1.2620$ support and 1.2780$ resistance.

Trend Forecast: Bullish