The price chart on the GBP / USD pair has shown a bullish pattern against the decline in the market opening earlier in the week.
Analysts see the key price chart driven by the depreciation of the US dollar driven by Janet Yellen's comments as a candidate for US Treasury Secretary on the Covid-19 aid package.
He called for greater help by lawmakers to ease market risk sentiment and have a weak impact on the US dollar.
Meanwhile, the Pound Sterling, although still seen as risky, still shows a strengthening backed by the Head of Economy of the central bank of England who predicts the British economy will start to recover in the second half of this year.
The price increase on the GBP / USD chart is not very significant but has given a clear bullish pattern after passing the SBR zone (support become resistance) 1.36000.
Prices on Tuesday's trading yesterday that passed the Moving Average 50 (MA50) barrier within the 1 hour time frame of the price movement also signaled a change in the bullish trend.
Further price hikes are expected to head back to the 1.37000 high to test the resistance zone that failed to break last week.
Can the price of the height level elimination to record the latest height level since the April 2018 trade?
However, if the price plunges again, the focus zone of 1.36000 will be tested again before a lower price drop will lead to the support zone of 1.35300 and also the focus level of 1.35000.
Investors will be monitoring UK inflation data to be published at the start of today's European session which will affect the Pound trading.
