GBPUSD Analysis and Forecast - October 28, 2025

GBPUSD Analysis and Forecast – October 28, 2025

✅ Overview

The GBPUSD currency pair has been showing a bearish sentiment in recent trading sessions, as indicated by the moving averages suggesting sell signals. With the current price at 1.33451, traders are watching key support and resistance levels closely. Upcoming economic events, particularly in the UK and US, could further influence market movements, making it crucial to stay updated on the latest developments.

Overview of What The Article Will Cover:

Toggle

In Forex trading, understanding “lot size” is essential for managing risk and capital. A “lot” represents the size of a trade and can vary based on your account size and risk tolerance. For a deeper understanding, you can learn more about what is a lot size.

✅ Market Trends & Trading Strategies

The overall sentiment for GBPUSD remains bearish, with multiple moving averages suggesting sell positions. Traders should be cautious and consider the current price action in relation to support and resistance levels. Key levels to watch include the resistance at 1.34755 and support at 1.32698, which could guide your trading decisions in the short term.

As we approach critical economic events, including the CBI Realized Sales report and the BRC Shop Price Index, traders must be prepared for potential volatility. Understanding market sentiment and how it correlates with these events can provide valuable insights into potential trading strategies, whether for day trading or swing trading.

✅ GBPUSD Trading Strategies

🎯Current Trend: 📉 Bearish
🎯Price Action: GBPUSD is trading below 1.33680, testing minor resistance at 1.33895.
🎯Day Trading (15 mins – 1 hour): Look for short positions below 1.3350, targeting 1.3300 for potential gains.
🎯Swing Trading (4 hours – 1 week): Holding short positions could be viable, especially if the price breaks below 1.32698.
🎯Contrarian Strategy: If the price rebounds above 1.3400, long positions targeting 1.34755 may be viable.

✅ Detailed Pair Analysis

GBPUSD has seen a consistent trend of lower highs, with current price action indicating a bearish phase. Critical support is observed around 1.32698, with resistance at 1.33895. A failure to hold these levels could signal further declines toward the 1.3000 psychological barrier.

Economic events will play a significant role in shaping the GBPUSD outlook. The upcoming CBI Realized Sales report could affect the GBP, while US economic indicators such as the Richmond Manufacturing Index will also be pivotal. Traders should be alert to how these factors impact volatility and price movements.

✅ Additional Trading Strategies

🎯 Trend Reversal: Look for signs of reversal if GBPUSD approaches 1.32698, targeting a bounce back to 1.3400.
🎯 Momentum Plays: If GBPUSD breaks through 1.33895, consider entering with momentum for short-term gains.

Understanding “forex what is drawdown” is crucial for all traders. Drawdown refers to the reduction of one’s capital after a series of losing trades. For more insights, you can read about forex what is drawdown.

✅ Conclusion

As we proceed into a new trading week, traders should be aware of the upcoming economic data, including the BRC Shop Price Index and CBI Realized Sales. These events are likely to cause volatility and influence market sentiment. Given the current bearish trend, expect potential movement towards 1.3300 if downward momentum holds.

Every day, we analyze the market closely and provide trading insights for tomorrow. We invite you to come back for updates and similar insights to enhance your trading strategy.

Expand Your Knowledge

Start Trading Today

Ready to take your forex trading to the next level? Open an account with Exness, one of the most trusted platforms in the industry. 👉 Sign Up Now and trade with confidence!

My recommended broker stands out with ultra-low spreads for beginners, instant withdrawals, and zero spread accounts for pro traders.
Trusted since 2008, lightning-fast execution, no hidden fees, and a secure, transparent trading environment—giving you the edge you need to succeed. 🚀