Price movements on the GBP / USD currency pair chart flattened on Tuesday after more aggressive movements earlier in the week.
The beginning of the week featured a reversal of prices after last week's rise tested the resistance zone of 1.36000.
However, the price decline did not continue when the price moved horizontally yesterday hovering around the 1.35000 level testing the Moving Average 50 (MA50) barrier level in the 1 hour time frame of price movement.
Brexit sentiment was still positive after the agreement was reached last week but investors remained wary of some issues that were said to be unresolved.
Today's Asian session (Wednesday) saw the price rise above the 1.35000 zone and also the dynamic barrier of MA50 to around 1.35400 as of 12.00 noon local time.
The price increase is expected to test the resistance zone again at 1.36000 before the price that continues to rise will record the latest high level since the April 2018 trade.
But Brexit sentiment is again risky, prices will plunge back to support levels at 1.34000.
A lower decline could reach the level of 1.33000 before reaching the support zone of 1.32000.
