On the price chart of the GBP/USD pair, the price movement seems to feature an attempt to soar more aggressively in the European session yesterday before being curbed to return to fall.
The upside test also shows that the price has managed to break the SBR (support become resistance) zone of 1.37000 which is also the zone of the beginning of the price plunge at the end of September.
Entering the Asian session today (Friday), the price movement is seen slightly increasing which will likely once again test the SBR zone towards the opening of the European session later.
Following the USD's gloomy performance as well as the 10 -year fall in US treasury yields has given room for the Pound to continue to strengthen.
High probability will see the price on the GBP/USD chart to test the SBR zone further at 1.38000 to be tested if the bullish pattern displayed succeeds.
If the price movement manages to record an excellent record to reach the SBR zone, indirectly it will reach the latest high for a period of 4 weeks.
However, if the USD strengthens again, the price is expected to head back to the RBS (resistance become support) zone of 1.36000 before it is possible to test this week's support level around 1.35700.
The lowest RBS zone at the 1.35000 level remains the focus zone to be tested if the price movement continues to present lower bearish action.
