Currency pair analysis for today, October 25th: GBPUSD

The GBP/USD pair's decline stopped at the bullish channel's support that appears on the image, and approached our awaited negative target at 1.3720, to rebound upwards and head towards resuming the main bullish trend, motivated by the positive signs provided by the stochastic indicator, waiting for the more expected rise in the upcoming sessions.

Breaching the 1.3795 level will reinforce expectations of continuing the bullish trend, to head towards 1.3910 areas mainly, noting that breaking 1.3720 will stop the positive scenario and pressure the price to turn to the downside.

The expected trading range for today: between 1.3700 support and 1.3880 resistance

The forecast trend for today: bullish