Currency pair analysis for today, October 27th: GBP/USD

The GBP/USD pair made an attempt to breach the 1.3795 level, but it was unable to stay long above it and fluctuated at the bullish channel’s support again. It is worth noting that the stochastic indicator is providing new positive signals now, waiting to stimulate the price to resume the main bullish trend, whose next target is located at 1.3910.

The moving average 50 continues to protect the suggested bullish wave, which will remain valid unless 1.3720 is broken and the price reaches stability below it.

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

The forecast trend for today: bullish