It is reported that the rate of cases of infection and death in the UK is declining and according to UK Health Secretary Matt Hancock, there are early signs that the latest move to curb Covid-19 is showing its effectiveness.
However, movement restrictions in the UK will not be relaxed any more in the near future and it is likely that restrictions will be tightened to get in and out of the UK.
The Pound Sterling currency also showed momentum fading after the rise in the price chart of the GBP / USD pair reached its latest high level since April 2018 at the end of last week.
The strengthening of the US dollar at the beginning of the week at the same time also prevented a rise in the GBP / USD chart by pressing the price below the 1.37000 level again.
Continuing Tuesday's trading, the price is moving below the Moving Average 50 (MA50) barrier level within the 1 hour time frame of the price movement signaling a lower decline.
The price that continues to decline will lead to the RBS zone (resistance become support) at 1.36000 which is seen to support the price increase again.
If the price continues to fall lower, the RBS zone of 1.35300 and also the level of 1.35000 will be the next price focus.
If the price rises again and passes the dynamic barrier of MA50 and breaks the 1.37000 level, investors will see the price will continue the previous bullish trend.
The high level of 1.37400 reached last week is likely to be overcome for the price to record the latest high.
