Price movements on the GBP / USD currency pair chart are seen to be weaker than investors' expectations for prices to continue to soar higher.
The price spike is expected to follow Democrats' victory in the Georgia election, which will open up more space for economic aid packages in the United States (US).
As such, the US dollar is expected to continue to weaken the market in the near term.
The pound sterling, however, is still struggling to strengthen due to concerns over an increase in viral infections in the UK, prompting Prime Minister Boris Johnson to announce a curfew earlier this week.
Even so, prices are still potentially bullish as the US dollar weakens further ahead of the NFP employment data report this Friday. The minutes of the FOMC meeting also signaled that further easing on policies in the future.
Yesterday's price movement showed a price jump of 130 pips after a weak bullish pattern was displayed.
However, the price rose again until the end of the New York session and managed to close above 1.36000.
Trading that continued in the Asian session this morning saw the price try to make a rise but still hovered slightly below the level of 1.36000 until the beginning of the European session.
If the price makes a decline, the focus zone at 1.35000 is seen to support the price from falling lower.
However, if the price manages to make a rise again, the high level reached yesterday will be overcome before the price tests the resistance zone at 1.37000.
The resistance zone is also the highest level reached this week recording the highest level since April 2018.
