If Brexit Sentiment Remains Positive, GBP / USD Will Jump Again

thecekodok

 The GBP / USD currency pair closed last week with an increase in the 1.36000 resistance zone price as the previous week.


The Pound Sterling jump over the weekend was driven by the positive sentiment of Brexit negotiations that reached an agreement to celebrate Christmas.


The controversial fisheries issue in previous negotiations has reached an agreement between the UK and the European Union (EU).


Closing lower trading below the 1.36000 level last week, trading earlier this week is still hovering above the 1.35000 level which will be the price support zone.


Despite the price of trying to make a decline at the beginning of the Asian session, the factor of the depreciation of the US dollar following the news that Donald Trump has signed an economic aid package has affected the weakness of the safe-haven currency.


This will make room for other major currencies including the Pound to strengthen this week. Brexit developments will continue to be monitored.



The price on the GBP / USD chart is likely to continue higher above the resistance zone of 1.36000-1.36200.


But on the other hand, if the price returns to the jump, the RBS zone (resistance become support) 1.35000 will try to break through.


Passing the zone will push lower prices towards the support zone around 1.34000.