Monitoring to the GBP / USD price movement chart, seems that the SBR SHBR (Support Become Resistance) 1.35000 seems to have established a spike for the throat price reduces almost 100 pips.
But the reduction in testing of the 1.34000 support zone is seen as reflecting the attempt to 'reuncing' before re-introducing a clearer price increase pattern.
The current price movement seems to be slowly moving on the support zone at the Asian session today (Monday) which is looking forward to the opening of the European session to signal the next direction.
Mentioning the price surge on the GBP / USD chart is due to the shock given by the USD currency at last week's trading coverage has been supported by several sentiments.
Ie market sentiments that are at risk of inviting after several countries have experienced the increase in COVID-19 outbreak cases and thus continued to benefit the Safe-Haven currency including US dollars.
Being a warm concentration this week is seen to be more targeted to the issuance of major US economic sectors including the FOMC meeting minutes, while the annoyance of Brexit will continue to influence the pound movement.
The next expected expectation will see the movement of the move to move to the SBR 1.35000 zone after the resistance often constrains the increase despite being often tested for many times.
A clearer indicator will appear if the price is able to penetrate the SBR zone to anticipate the most likely for the price to climb into the 1.36000 SBR zone on the bullish trend.
While the ability to expose the decline will be seen if the price reacts to try to exceed the 1.34000 support zone and is expected to push the low-end test price.
Which the latest lowest level of 2021 and since December 2020 around 1.35530 is likely to be the next direction to be reached.
