On Monday morning, the GBP/USD reached the June low level zone at 1.4075/1.4085. The near term future was dependent on what would happen at this level. In the case of the rate passing the support zone of the June low levels, the rate would most likely immediately find support in the weekly S1 simple pivot point at 1.4062. Afterwards, an extension
On Monday morning, the EUR/USD started the week's trading by fluctuating near the 1.2100 mark. Note that the Friday's drop passed the support of the June low level and reached below the 1.2100 level. Due to that reason, an extension of the decline is possible. In the near term future, the rate could trade sideways until it reaches the resistance
The USD/CAD currency pair bounced off the 200– hour simple moving average at 1.2084 on Friday. As a result, the exchange rate surged by 87 pips or 0.72% during Friday's trading session.
The GBP/JPY currency pair failed to break the 200– hour simple moving average resistance level at 155.18 on Friday. As a result, the British Pound fell by 53 pips or 0.34% against the Japanese Yen.
The Australian Dollar fell by 76 pips or 0.97% against the US Dollar on Friday. The AUD/USD currency pair breached the support level at 0.7721 during Friday's trading session.
The 50– hour simple moving average provided resistance for the EUR/JPY currency pair on Friday. As a result, the common European currency declined by 70 pips or 0.52% against the Japanese Yen during Friday's trading session.
The US Dollar fell by 38 pips or 0.31% against the Canadian Dollar on Thursday. The decline was stopped by the 200– hour simple moving average at 1.2083 during yesterday's trading session.
Upside risks dominated the GBP/JPY exchange rate on Thursday. The Pound Sterling surged by 99 pips or 0.64% against the Japanese Yen during Thursday's trading session.
The Australian Dollar rose by 36 pips or 0.47% against the US Dollar on Thursday. The AUD/USD currency pair tested the resistance level at 0.7765 during Thursday's trading session.
Downside risks dominated the EUR/JPY currency pair yesterday. The exchange rate fell by 71 pips or 0.53% during Thursday's trading session.
The XAU/USD exchange rate bounced off a support level at 1875.00 on Thursday. As a result, the yellow metal surged by more than 245 pips or 1.31% against the US Dollar during yesterday's trading session.
The USD/JPY currency pair failed to break the resistance level at 109.70 on Thursday. As a result, the US Dollar declined by 43 pips or 0.39% against the Japanese Yen during Thursday's trading session.
On Thursday, the British Pound edged higher by 90 pips or 0.64% against the US Dollar. The currency pair returned to the 1.4185 area during Thursday's trading session.
On Thursday, the Eurozone currency surged by 24 pips or 0.20% against the US Dollar. The currency pair breached the 55-, 100– and 200– hour SMAs during Thursday's trading session.
The US Dollar edged higher by 62 pips or 0.51% against the Canadian Dollar on Wednesday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
The 200– hour simple moving average provided resistance for the GBP/JPY currency pair on Wednesday. As a result, the Pound Sterling fell by 79 pips or 0.51% against the Japanese Yen during Wednesday's trading session.
The Australian Dollar declined by 31 pips or 0.40% against the US Dollar on Wednesday. The currency pair continued to trade within the 0.7720/0.7760 levels during Wednesday's trading session.
The common European currency edged higher by 33 pips or 0.25% against the Japanese Yen on Wednesday. A breakout occurred through the upper line of a descending channel pattern during yesterday's trading session.
The yellow metal failed to surpass the 55– and 200– hour SMAs on Wednesday. As a result, Gold edged lower by 102 pips or 0.54% against the US Dollar during Wednesday's trading session.
On Wednesday, the USD/JPY currency pair edged higher by 41 pips or 0.38%. The surge was stopped by a resistance cluster at the 109.60 level during Wednesday's trading session.
On Wednesday, the British Pound fell by 77 pips or 0.54% against the US Dollar. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.
On Wednesday, the common European currency declined by 44 pips or 0.36% against the US Dollar. The currency pair fell below the 55-, 100 and 200– hour SMAs during Wednesday's trading session.
The yellow metal plunged by 145 pips or 0.76% against the US Dollar on Tuesday. The decline was stopped by the 55– and 100– hour SMAs during yesterday's trading session.
The US Dollar edged higher by 26 pips or 0.24% against the Japanese Yen on Tuesday. The 55– hour simple moving average provided resistance for the exchange rate during yesterday's trading session.