It's brilliant!
That can be illustrated by the price on the chart of the GBP/USD currency pair which has continued to record gains throughout the week thus creating the latest highs.
During the opening of the European session yesterday (Thursday), the price has already performed well by recording a climb to test the SBR (support become resistance) zone of 1.34000.
Even so, the price movement seemed to be jerked at the end of the session to remain moving slowly and horizontally in the SBR zone until the resumption of today's trading session (Friday).
The Pound, however, is still taking advantage of the opportunity to strengthen as risk-on sentiment continues to shine on the market as the Omicron infection crisis eases.
Those factors continue to impact safe-haven currencies including the greenback dollar to remain weak in trading this week as investors begin to dare to take some risks.
However, investors are also expected to continue to look at the talks on the Brexit issue which have not yet been sealed between the UK and France, although there are times when the UK plans to resolve the crisis.
In short, the previous high around 1.33640 is likely to be tested again as well as the Moving Average 50 (MA50) barrier level will be hit again if the price makes a decline again.
A further lower decline will indirectly push the price towards the RBS (resistance become support) zone of 1.33000 and will probably give an early signal of a trend change.
While the resistance zone of 1.35000 is likely to be the closest target to be achieved if the price continues to climb before it is expected to be able to climb higher.
That is, the aggressive climb will support the price movement towards the next resistance zone 1.36000 which the zone once prevented the price spike in early November.
