On the GBP / USD currency pair price chart, the price movement at the beginning of the week shows price volatility in the relatively large range around 70 pips.
After closing last week's trade in the RBS zone (resistance become support) 1.33000, the starting price of this week is higher.
After showing a decline at the beginning of the European session, the price jumped again with an all-time high reaching around 1.33800 before falling again closing the New York session trading around 1.33150.
Continuing trading in today's Asian session (Tuesday), the price returns to rise above the Moving Average 50 (MA50) barrier level in the 1 hour time frame which has not yet given a clearer direction to investors.
The volatility of the price on the GBP / USD chart is influenced by the Brexit uncertainty which is not yet over.
This week marks the week of negotiations after the European Union (EU) consulting team is expected to be in London for a few more days.
Irish Foreign Minister Simon also warned that negotiations between the UK and the EU would fail if there was no consensus on fisheries issues.
The price rise continued with the expectation that the resistance zone of 1.34000 will be tested again.
A higher rise past the zone will record the latest 2-month high with resistance level 1.35000 will be the next focus.
