The bearish move on the GBP / USD currency pair chart in today's Asian session showed a decline for 3 consecutive days since last weekend.
Investors remain wary of the risk of Pound Sterling trading with the uncertainty of Brexit negotiations in addition to the latest case report of a UK Coronavirus infection reaching 23,000.
Meanwhile, it can be seen that the US dollar is in demand at the start of trading this week as investors choose to move towards safe-haven assets.
Slow movements in the Asian session saw prices decline to last Friday's trading lows around 1.30200.
Investors are waiting for the price reaction at the 1.30000 concentration level to signal a clearer movement of the price on the GBP / USD chart.
Price movements below the Moving Average 50 (MA50) barrier level over the 1 hour time frame are likely to be lower signals.
A drop below the 1.30000 level will make the next price target in the RBS zone (resistance become support) at 1.29000.
On the other hand if the price soars again this week, the resistance zone of 1.32000 will once again be the focus for the price again trying to reach a higher level.
The next rising destination is at the resistance zone of 1.33000, recording the latest 8-week high.
