The price movement on the GBP/USD currency pair chart is seen to still maintain a bullish trend despite being somewhat flat last week.
Prices managed to continue to rise again over the weekend following the depreciation of the US dollar after the increase in jobs in the United States (US) for December was lower than expected.
The pound did not miss an opportunity to strengthen against the US dollar with expectations that the situation will continue earlier this week while investors are cautious ahead of the US inflation data in focus.
For the Pound, investors will pay close attention to the UK economic growth data report this Friday which is expected to drive the movement of the British currency over the weekend.
The price increase until the end of last week's session has returned to hover in the 1.36000 high zone which is the highest price zone for the 8 -week trading period.
The zone was previously tested in early November and was seen as an SBR (support become resistance) zone.
If the rise continues, the latest high target that the price will target is at 1.36500.
However, if the resistance zone at 1.36000 fails to be broken, the decline will re -test the price support level at 1.35000 which was tested last Thursday.
A lower decline beyond that level will signal the beginning of a bearish price trend.
