Currency pair analysis for today, October 28th: GBP/USD

The GBP/USD pair tested the pivotal support 1.3720 and kept its stability above it, to start today with a bullish bias in an attempt to move away from this level. This keeps the bullish trend scenario valid on the intraday and short term, waiting to test the 1.3795 level initially, whose breach would be the key to rushing towards 1.3910 as the next stop.

A breach of 1.3750 will facilitate the price's mission to achieve the expected rise, while breaking 1.3720 will push the price to a new decline, targeting the 1.3665 level before any new attempt to rise.

The expected trading range for today: between 1.3680 support and 1.3840 resistance

The forecast trend for today: bullish