• GBP/USD climbs 0.18% after strong UK jobs report shows over 373,000 jobs added, beating forecasts.
• Despite upward momentum, the pair remains within the 1.3000-1.3100 range, testing key resistance levels.
• Break above the 50-day moving average at 1.3112 could open the path to the 1.3174 October high.

The Pound Sterling recovered some ground and rose 0.18% on Tuesday against the US Dollar following a strong UK jobs report that pushed the unemployment rate lower, while the economy added over 373,000 jobs, crushing estimates of 250,000. At the time of writing, the GBP/USD trades at 1.3081 after bouncing off the daily low of 1.3035.

GBP/USD Price Forecast: Technical outlook

The GBP/USD remains consolidated, within the 1.3000-1.3100 range for the sixth consecutive day, even though the pair hit a high of 1.3102.

Momentum remains slightly bearish, as shown by the Relative Strength Index (RSI), but as the RSI edges toward its 50-neutral line, it could pave the way for further upside.

If GBP/USD strengthens further, the next stop would be the 50-day moving average (DMA) at 1.3112. Once surpassed, buyers could target the October 4 daily high at 1.3174, ahead of the 1.3200 figure.