In the current market scenario, the GBPUSD price demonstrates fluctuations around the EMA50, which serves as a robust resistance level at $1.2750. To overcome this barrier and pave the way for achieving anticipated positive targets, the price requires substantial upward momentum.
The anticipated positive targets commence at $1.2800 and extend to $1.2893. Therefore, we maintain our recommendation of a bullish trend for the foreseeable future. It remains imperative for the price to maintain its position above $1.2700 to realize the projected targets effectively.
In terms of expected trading range, we anticipate support at $1.2660 and resistance at $1.2820, delineating the potential boundaries for price movement in the upcoming trading sessions.
In conclusion, the trend forecast for GBPUSD remains bullish, contingent upon the price sustaining above critical support levels and garnering the necessary momentum to surpass resistance barriers.