{"id":6517,"date":"2023-10-24T13:09:56","date_gmt":"2023-10-24T05:09:56","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=5341"},"modified":"2023-10-24T13:09:56","modified_gmt":"2023-10-24T05:09:56","slug":"focus-on-gbpusd-today-24th-october-2023-2","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/fr\/focus-on-gbpusd-today-24th-october-2023-2\/","title":{"rendered":"Focus on GBP\/USD Today \u2013 24th October 2023\u00a0"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color has-medium-font-size\"><time datetime=\"2023-10-24T13:09:56+00:00\"><a href=\"https:\/\/www.umtradings.com\/fr\/focus-on-gbpusd-today-24th-october-2023-2\/\">October 24, 2023<\/a><\/time><\/div>\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h1 class=\"wp-block-heading has-black-color has-text-color\"><strong>Comprehensive GBP\/USD for October 24, 2023<\/strong><\/h1>\n\n\n\n<p class=\"has-medium-font-size\">In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBP\/USD for 20th October 2023.&nbsp;<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways&nbsp;<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong><a href=\"https:\/\/www.imf.org\/external\/pubs\/ft\/fandd\/basics\/unemploy.htm\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Read More About UK's Unemployment rate here.\">Unemployment rate is the key<\/a><\/strong>: The British unemployment rate rose slightly in August, which means that the labor market continues to cool down, reducing inflation to a certain extent. If the unemployment rate continues to rise today, the pound may weaken and fall.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong><a href=\"https:\/\/www.spglobal.com\/marketintelligence\/en\/mi\/research-analysis\/flash-uk-pmi-data-signal-increasing-economic-stress-as-downturn-intensifies-oct22.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Read more about Economic Pressure in the UK Here.\">Economic pressure in the UK<\/a><\/strong>: UK PMI data for October will be released this afternoon, which has always been below the 50 boom-bust line in the early stage. Last week\u2019s UK retail sales data and inflation report both showed that economic activity is weakening, and today\u2019s data may still be in the contraction range.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>GBP\/USD Technical Analysis&nbsp;<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\">GBP\/USD <em>Daily Chart Insights<\/em><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/fr\/wp-content\/uploads\/sites\/15\/2023\/10\/1-26-1.png\" alt=\"GBP\/USD Daily Chart Insights By Ultima Markets MT4\" class=\"wp-image-5343\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong>Stochastic Oscillator<\/strong>: The indicator completed the \u201cgolden cross\u201d structure again yesterday, and there is a certain probability that the short-term market will continue to rise.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Price Action<\/strong>: Last week the bar came out of a bottom structure. In conjunction with the sharp rise yesterday, the bar has formed an evening star combination structure. The market has a probability of continuing to rise.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Moving average resistance<\/strong>: The current exchange rate is below the 33-day moving average (black line). At the same time, the overall market price and short-term moving average are also below the 200-day moving average (dashed line). Even if it is now experiencing a short-term rise, it cannot be premature to conclude that the reversal of the pound is coming.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>GBP\/USD 1-hour Chart Analysis<\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/fr\/wp-content\/uploads\/sites\/15\/2023\/10\/2-22-1.png\" alt=\"GBP\/USD 1-hour Chart Analysis by Ultima Markets MT4\" class=\"wp-image-5344\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong>Stochastic oscillator<\/strong>: The indicator is entangled in the overbought area. Currently, bulls in the market have the upper hand, and there is some correction pressure on the short-term exchange rate.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Price action<\/strong>: In the end, the market price broke through the previous lowering highs, the overall downward structure was destroyed, and the intraday market ushered in a reversal. If you want to enter the market with the trend, you need to wait for the retracement structure to appear.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Elliot wave structure<\/strong>: After the market price quickly broke through the upward channel line yesterday, it can be temporarily judged that driving wave 3 is underway. The support position is the upper edge of the upward channel. After the market falls back, you can look for trading opportunities.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>Ultima Markets MT4 Pivot Indicator&nbsp;<\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/fr\/wp-content\/uploads\/sites\/15\/2023\/10\/3-17-1.png\" alt=\"Ultima Markets MT4 Pivot Indicator\u00a0for GBP\/USD\" class=\"wp-image-5345\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">According to the pivot indicator in Ultima Markets MT4, the central price of the day is established at 1.22157,&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Bullish Scenario<\/strong>: Bullish sentiment prevails above 1.22157, first target 1.22890, second target 1.23315;&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Bearish Outlook<\/strong>: In a bearish scenario below&nbsp; 1.22157, first target 1.21739, second target 1.21013.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion\u00a0<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n\n<p class=\"has-medium-font-size\">To navigate the complex world of trading successfully, it&#8217;s imperative to stay informed and make data-driven decisions. <a href=\"https:\/\/www.umtradings.com\/\" target=\"_blank\" rel=\"noopener\" title=\"Ultima Markets\">Ultima Markets<\/a> remains dedicated to providing you with valuable insights to empower your financial journey.\u00a0<\/p>\n\n\n\n\n<p class=\"has-medium-font-size\">For personalized guidance tailored to your specific financial situation, please do not hesitate to contact Ultima Markets.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<a class=\"gb-button gb-button-6f95b612 gb-button-text\" href=\"https:\/\/www.umtradings.com\/about-us\/contact-us\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Contact Ultima Markets<\/strong><\/a>\n<\/div><\/div>\n<\/div>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Join Ultima Markets today and access a comprehensive trading ecosystem equipped with the tools and knowledge needed to thrive in the financial markets.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<a class=\"gb-button gb-button-57a6c27d gb-button-text\" href=\"https:\/\/www.umtradings.com\/resources\/market-outlook\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Ultima Markets Latest Financial News<\/strong><\/a>\n<\/div>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Stay tuned for more updates and analyses from our team of experts at Ultima Markets.&nbsp;<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n<\/div><\/div>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"has-small-font-size\"><em><strong>Disclaimer\u202f\u202f&nbsp;<\/strong><\/em><\/p>\n\n\n\n<p class=\"has-small-font-size\"><em>Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.\u202f<\/em>&nbsp;<\/p>\n\n\n\n<p class=\"has-small-font-size\"><em><strong>Copyright \u00a9 2023 Ultima Markets Ltd. All rights reserved.&nbsp;<\/strong><\/em><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Comprehensive GBP\/USD for October 24, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBP\/USD for 20th October 2023.&nbsp; Key Takeaways&nbsp; GBP\/USD Technical Analysis&nbsp; GBP\/USD Daily Chart Insights GBP\/USD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator&nbsp; Conclusion\u00a0<\/p>\n","protected":false},"author":17,"featured_media":5349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[17,22],"tags":[89],"class_list":["post-6517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-technical-analysis","tag-gbpusd"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/posts\/6517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/comments?post=6517"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/posts\/6517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/media?parent=6517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/categories?post=6517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/tags?post=6517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}