GBPUSD Price Analysis
Expected Scenario
The GBPUSD pair shows some slight bullish bias in an attempt to resume the intraday bullish trend. There are no obstacles on the way to the first awaited positive target at 1.2700$, with a note that breaching this level will extend the bullish wave to reach 1.2800$ areas as the next main station.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by moving above the EMA50. Breaking 1.2580$ will put the price under additional correctional bearish pressure, with the next target at 1.2480$.
Expected Trading Range
Between the support at 1.2600$ and the resistance at 1.2750$
Trend Forecast: Bullish
Origin: Economies
