On Monday the EUR/USD traded just below the 1.1450 level.
On Wednesday, the yellow metal touched the 1,290.00 level.
The biggest surprise about the USD/JPY is that the descending pattern used as a guide before the holiday season was still actively guiding the pair.
The first daily review of the GBP/USD of the year has already managed to forecast the decline of the rate.
The first full review of the EUR/USD situation of 2019 is set to outline the situation.
The yellow metal has reached above the long targeted 1,260.00 level, which was broken, as the metal reached above 1,265.00 level.
After touching the 111.80 level the USD/JPY began a surge, which revealed two additional patterns on the currency exchange rate's charts.
Dukascopy Analytics will be off for the next week. Although, we leave for the week for our readers a medium term guide.
On Friday, the EUR/USD was charted in an ascending channel pattern.
Initially, as the US hiked their interest rates on the USD, gold prices dropped dwon to the 1,242.00 level.
The decline of the USD/JPY is taking place because of the US Federal Reserve.
By the middle of the day the GBP/USD was surging due to USD weakness caused by the Federal Reserve.
By the time of creation of this analysis the EUR/USD had jumped on Thursday morning and reached above resistance levels at the 1.1480 mark.
The yellow metal remains in the borders of an ascending pattern.
As the USD/JPY was awaiting the FOMC rate hike, the currency pair continued to decline.
The volatility of the GBP/USD is still high. During the recent swing upwards the rate reached to the 1.2700 level, from which it bounced off.
The rate has reached the previously set target of 1.1410.
On Tuesday the yellow metal's price was testing the resistance provided by the 1,250.00 mark.
The USD/JPY is declining as expected. Although, the fall of the pair is much larger that it could have been forecast.
The previous squeeze of the GBP/USD has ended with a surge upwards.
The recovery of the EUR/USD continued on Tuesday. During the surge the rate passed a strong resistance cluster at 1.1340.
The medium scale pattern of the daily chart is holding its ground. Namely, it forced the metal into a rebound on Friday.
After reaching the 113.50 mark the USD/JPY began a decline , which by the middle of Monday's trading had passed all close by support levels.
The GBP/USD started the week calmly, as the rate traded near the 1.26 mark.