GBP/USD receives positive vibes [Video]

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<h2>GBP/USD Forecast: Bullish potential remains intact despite recent decline</h2>
<p><strong>GBP/USD lost its bullish momentum and turned flat on the day near 1.2250 after rising toward 1.2300 earlier in the day</strong>. The technical <a href="https://www.fxstreet.com/rates-charts/forecast">outlook</a> suggests that the bullish bias stays intact despite the latest pullback.</p>
<p>ILO <a href="https://www.fxstreet.com/economic-calendar/united-states">Unemployment Rate</a> in the UK edged lower to 4.2% in the three months to August from 4.3%, the UK’s Office for National Statistics (ONS) reported early Tuesday. The details of the report showed that the Employment Change came in at -82,000, better than the market expectation for a decrease of 198,000. <a href="https://www.fxstreet.com/analysis/gbp-usd-forecast-bullish-potential-remains-intact-despite-recent-decline-202310241005" target="_blank" rel="noopener">Read more…</a></p>
<p><a href="https://editorial.fxstreet.com/miscelaneous/gbpusd-638337406213196633.png" target="_blank" rel="noopener"><img decoding="async" alt="Chart" src="https://editorial.fxstreet.com/miscelaneous/gbpusd-638337406213196633.png" style="width: 1632px; height: 745px;" /></a></p>
<h2>GBP/USD receives positive vibes [Video]</h2>
<p><strong>GBPUSD enjoyed a whopping start to the week, marking one of its strongest days since mid-July to rise as high as 1.2257 on Monday.</strong> The technical outlook is looking promising at the moment. The pair confirmed a bullish doji <a href="https://www.fxstreet.com/rates-charts/chart/candlestick-patterns">candlestick</a> pattern near last week’s low of 1.2089 and around the support trendline drawn from the 2022 low, suggesting more positive sessions ahead. <a href="https://www.fxstreet.com/analysis/gbpusd-receives-positive-vibes-202310240957" target="_blank" rel="noopener">Read more…</a></p>
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<div><iframe title="Technical Analysis: 24/10/2023 – GBPUSD receives positive vibes" width="500" height="281" src="https://www.youtube.com/embed/Vo40f2yKHh0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></div>
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<h2>GBP/USD moves on an upward trajectory near 1.2270 ahead of UK employment, PMI data</h2>
<p>GBP/USD continues the winning streak that began on Thursday, trading higher near 1.2270 during the Asian session on Tuesday. The pair receives upward support due to the correction in the <a href="https://www.fxstreet.com/currencies/us-dollar-index">US Dollar</a> (USD), coupled with improved risk sentiment.</p>
<p><strong>United Kingdom (UK) gears up for the release of Employment and S&amp;P Global PMI data.</strong> Economists anticipate a decline in employment levels for the three months leading to August, signaling that companies are scaling back their workforces in response to a gloomy demand outlook. <a href="https://www.fxstreet.com/news/gbp-usd-moves-on-an-upward-trajectory-near-12270-ahead-of-uk-employment-pmi-data-202310240255" target="_blank" rel="noopener">Read more…</a></p>
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<br /><a href="https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-receives-positive-vibes-video-202310241042">Source link </a></p><p>The post <a href="https://forextraderhub.com/gbp-usd-receives-positive-vibes-video.html">GBP/USD receives positive vibes [Video]</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>