The GBPUSD price surpassed 1.2500$ barrier and settles above it, which supports the expectations of continuing the correctional bullish trend, and the way is open to test 1.2605$ that represents 38.2% Fibonacci correction for the entire decline from 1.3434$ to 1.2100$.
The EMA50 continues to support the suggested bullish wave, noting that breaking 1.2415$ will stop the positive scenario and push the price to resume the main bearish trend again.
