Currency pair analysis for today, October 26th: GBP/USD

The GBP/USD pair continues to fluctuate at the ascending channel's support, and is getting continuous support from the EMA50, while the stochastic indicator is showing positive signs now.

Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, whose targets begin by breaching 1.3795 to confirm the rally towards 1.3910, reminding you that holding above 1.3720 is important to achieve the suggested targets.

The expected trading range for today: between 1.3700 support and 1.3860 resistance

The forecast trend for today: bullish