The combined resistance of various level of significance near the 109.70 mark has failed to force the USD/JPY rate lower.
The Sterling rose markedly against the US Dollar ahead the report on the UK manufacturing sector.
The ISM Manufacturing PMI release had not prevented a lingering up-move in the EUR/USD exchange rate.
The previously discovered short term channel down pattern of the hourly chart has provided resistance to the metal's attempt to regain ground.
During the 24 hours up to the middle of Thursday's trading session the US Dollar had recovered against the Japanese Yen.
The EUR/USD exchange rate remained above the 1.2400 level, following the Fed's interest rate decision and monetary policy statement.
The US Federal Reserve announced the decision to keep interest rates at 1.50% on Wednesday, but stated that consumer inflation is likely to accelerate this year, fuelling expectations that borrowing costs would keep climbing under the new Central Bank's Chief Jerome Powell.
The EZ flash GDP data release was not a trend changer in the EUR/USD currency pair.
The US consumer spending strengthened in December amid higher demand for services and goods, though an increase came at the cost of savings, which fell to the lowest level in 10 years in a worrying sign for future economic growth and consumption.
On Wednesday morning the yellow metal traded in a range between the 1,335.00 and 1,350.00 levels.
After Donald Trump did not announce anything unexpected during his address to the US Congress nothing has much changed on the USD/JPY currency pair's charts.
On Tuesday morning the yellow metal's price extended its decline until it was finally stopped by a psychological level.
The US Dollar remained near Monday's trading levels on Tuesday morning. However,
The Dollar was little stronger against the US Dollar, following the US economic data.
The US consumer spending strengthened in December amid higher demand for services and goods, though an increase came at the cost of savings, which fell to the lowest level in 10 years in a worrying sign for future economic growth and consumption.
After the weekend the yellow metal's price remained near the 1,350 mark. However,
The US Dollar continued to lose ground against the Japanese Yen in the previously set medium term channel down pattern.
The Sterling jumped against the Dollar, after the preliminary Britain's GDP report showed that the country's economy accelerated growth pace more than anticipated by the end of 2017.
The EUR/USD currency pair revealed a regular 9 base point gain, despite the report showing an unexpected slowdown in the US economy.
Due to a speech given by Donald Trump at the World Economic Forum,
The decline of the US Dollar against the Japanese Yen has gained some breath due to a fundamental event.
The Euro growth was muted against the Greenback on the ECB interest rate decision announcement.
The British Pound appreciated against the US Dollar on the official UK labour market data.
The long awaited passing of the 1,350.00 level has occurred.