While investors are still skeptical, Brexit deal sentiment remains optimistic after negotiations were reached between the UK and the European Union (EU) by the end of 2020.
The Pound Sterling currency continued to show a bullish pattern until trading resumed in the new year.
On the GBP / USD pair chart the price slightly surpassed the highs at last week's close to record the latest highs since April 2018. However, price movements at the beginning of the week are still slow.
The bullish pattern is expected to continue supported by the continued decline in the US dollar this week with economic recovery sentiment boosting market investor confidence.
Prices moving above the Moving Average 50 (MA50) support level also signal a bullish trend for the GBP / USD chart.
If the price returns to the downside, the RBS zone (resistance become support) 1.36000 will be tested again after the level became resistance in last December's trade.
A lower downtrend will test the RBS zone at 1.35000 after investors see price trends begin to change.
However, if market sentiment remains unchanged, prices will continue to rise higher likely to new highs around 1.38000.
