Currency pair analysis for today, October 29th: GBP/USD

The GBP/USD pair succeeded in touching our first awaited target at 1.3750 and is making attempts to breach it. It supports the continuation of the bullish trend's dominance over the intraday and short term, with the next target extending to 1.3910.

Moving above the EMA50 supports the expected rise, noting that failure to achieve the required breach will push the price to test 1.3720 areas again before any new attempt to rise.

The expected trading range for today: between 1.3720 support and 1.3890 resistance

The forecast trend for today: bullish