The pound sterling has not finished shaking the market this week with the ongoing Brexit drama seeing significant price volatility on the GBP / USD currency pair chart.
UK Prime Minister Boris Johnson's dinner with European Commission President Ursula von der Leyen did not end well as there were still no decisions on the Brexit negotiations but they agreed to finalize the negotiations on Sunday.
Sources from UK officials signaled there was still a huge gap between the UK and the European Union (EU) to reach an agreement.
On the GBP / USD currency pair chart yesterday, the price has managed to make a rise around 130 pips above the resistance level of 1.34000.
However, after reaching the high of around 1.34700, the price plummeted again around 160 pips until the end of the New York session before trading continued in the Asian session began to move slowly.
The price is moving below the resistance level of 1.34000 again with increasing pressure on the Pound while investors remain cautious.
If the increase continues, the RBS zone (resistance become support) 1.33000 will be the focus for price testing.
Meanwhile, if the price jumps again above the level of 1.34000, an increase is expected towards the resistance zone at 1.35000.
