GBPUSD Price Analysis
Expected Scenario
The GBPUSD price broke below the $1.2385 level, indicating a continuation of the bearish trend.
The next target is set at $1.2265.
The EMA50 continues to exert negative pressure on the price.
A failure to consolidate below $1.2385 and trading above it again may trigger intraday gains, targeting $1.2480.
Expected Trading Range
Between $1.2300 support and $1.2460 resistance.
Trend Forecast: Bearish
Origin: Economies
