The whole world condemned Russia's invasion of Ukraine after launching a military operation since yesterday.
The UK is among those vocal in opposing Russia's aggressive actions and has stated it will help provide defensive weapons to Ukraine according to Prime Minister Boris Johnson.
The UK also agreed to work together in increasing economic sanctions against Russia along with other major economies including the United States (US), Europe, Japan and many more.
Yesterday's currency was among the most significantly affected by depreciating up to 270 pips against the US dollar on the GBP/USD pair price chart.
Surprise investors when the price plunges lower beyond the expected support level of 1.34000.
In fact, the price also dropped lower below the level of 1.33000 and finally reached the level around 1.32730 in the New York session yesterday.
Then investors were surprised by the price rebound until the end of the New York session with a rise of more than 100 pips to the level of 1.34000 which is a resistance for the price.
Rising prices continued in the Asian session this morning (Friday) to around 1.34200 as of 12 noon local time.
A higher rise can be seen to return to the previous focus level of 1.35000 in the SBR zone (support become resistance).
The Moving Average 50 (MA50) barrier level on the 1 -hour time frame will also be tested for further price movement signals.
But if the war crisis situation becomes tense again and the US dollar strengthens again, prices will be pressed lower again to test the lows of prices reached yesterday.
The lower decline is expected to head up to the support zone at 1.32000 while recording the latest 9 -week low.
