The bullion is set to fall below the 1,245 mark at some time during Monday's trading session.
Even though the USD/JPY currency pair remained relatively unchanged on Friday, the bullish momentum seems to be intact.
The British currency traded flat against the US Dollar on Friday, due to the absence of market movers.
The decline of the common European currency against the US Dollar continued on Monday.
The New Zealand Dollar has managed to find support against the US Dollar, and it is almost clear where it is going to end the Friday's trading session.
The US Dollar is in a retreat against the Canadian Dollar on Friday.
AUD/USD has been confined in a channel up pattern for the last two weeks, providing the second upper confirmation mid-Wednesday.
EUR/JPY has gained strong upside momentum, forming a full wave up in a channel down pattern.
The yellow metal's price moved in the last 24 hours, as it was forecasted on Thursday morning.
On Thursday, the US Dollar surprised to the upside, having successfully outperformed the Japanese Yen. As a result, the given pair was able to reach the 111.00 handle, but even then refused to stop appreciating.
The British currency managed to erase all intraday losses yesterday and, thus, remain relatively unchanged against the Greenback.
It seems that the third bounce off from the long term resistance did the trick. The common European currency has declined against the US Dollar to the weekly S1, which is located at the 1.1148 level.
Kiwi is falling against the US Dollar.
Although the USD/CAD faced no technical support in a large range, the currency exchange rate did not continue its decline in the past 24 hours.
During the last 24 hours, AUD/USD has had three major jumps all of which resulted from data releases.
The Euro's continuous depreciation against the Yen pressured the rate outside its minor channel up.
The yellow metal is continuing its decline, as the metal traded near the 1,260 mark on Thursday morning.
As was anticipated, the retest of the six-week down-trend caused the Buck to decline against the Yen yesterday, as poor US fundamentals and political ‘issues' overshadowed the Fed's hawkish tone.
Even though the GBP/USD currency pair experienced some volatility on Wednesday, trade still closed with the Cable remaining relatively unchanged.
The common European currency remains near previous session opening levels against the US Dollar. However, there is a huge arch observable on the hourly chart.
Worse-than-expected US data propelled the New Zealand Dollar to new heights against the Greenback.
The image on the USD/CAD has been zoomed out to put into perspective the free range, which is available for a decline.
The Aussie appreciated strongly against the Greenback in the morning session, resulting in a 52-pip jump.
EUR/JPY demonstrated strong upside momentum in the morning session.