Price movements on the GBP / USD pair chart showed a decline earlier in the week as the US dollar strengthened to dominate the market against major currencies including the Pound Sterling.
Additional £ 5 billion economic aid sentiment failed to lift the Pound Sterling to move strong earlier in the week.
The pound sterling is expected to trade at risk this week after members of the English central bank (BOE) meeting committee stated that if current policies fail to support the UK economic recovery, it is likely that negative interest rate implementation measures will be reconsidered.
The price rise at the beginning of the Asian session yesterday was hampered by the resistance level of 1.4000 before the price resumed last week's decline.
Price movements remain below the Moving Average 50 (MA50) barrier level which indicates a bearish trend for investors on the GBP / USD price chart.
Continuing in the Asian session this morning (Tuesday), the price continued to lower below the support level last week at 1.38900.
The price drop is seen to lead to the level around 1.38300 for the price to test the RBS zone (resistance become support).
A lower downtrend could reach back up to the 1.37000 support level.
However, if the price manages to jump past the MA50 barrier, the 1.4000 resistance level will be tested again to continue the higher rise.
Next, the level of focus on the continued rise is at 1.41000 and also 1.42000.
