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28.10.202505:23 Forex Analysis & Reviews: GBP/USD Forecast for October 28, 2025

On the weekly chart, the pound has been consolidating around the MACD line for three weeks without consolidating above or below it. If the current week closes below the MACD line (at the level of 1.3414), a bearish consolidation will occur. Thus, the pound's task is to try to close the week above this mark.

Exchange Rates 28.10.2025 analysis

This task is quite challenging because the Marlin oscillator has been declining for all three weeks, and even if the price holds above 1.3414, the oscillator may not have enough time to rise into positive territory. If this happens, the pattern from the week before last may repeat.

Exchange Rates 28.10.2025 analysis

On the daily chart, the price is struggling against resistance from both the MACD line and the 1.3369 level, with no support from Marlin. The oscillator may only enter positive territory tomorrow.

Exchange Rates 28.10.2025 analysis

On the four-hour scale, the price is attempting to break above the MACD line, while the Marlin oscillator is crossing above the zero line (the boundary of the growth territory). This synchrony is positively influencing short-term quote growth. Therefore, the likelihood of the price breaking above 1.3369 is high, at least on the H4 timeframe.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2025
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