The EUR/JPY currency pair managed to edge higher on Monday, but unable to breach the immediate resistance area, as demand at 124.04, namely the monthly S1, was sufficient contain the volatility.
Tuesday's trading range of gold prices was very tight, compared to Monday's one.
The US Dollar managed to outperform the Japanese Yen on Tuesday, but with gains limited by the immediate resistance in face of the monthly S2.
The Cable edged higher on Tuesday, but with gains being limited due to mixed fundamental data results and the four-week down-trend playing its part.
Eight consecutive days of neither bullish nor bearish advantage has only ended with emergence of a firm uptrend resistance line for the EUR/USD currency pair.
The Kiwi/Dollar was the best-performing currency pair among majors on Monday, having surged over 50 pips, amid an increase in oil prices.
On Monday the USD/CAD currency pair weakened, as the Loonie received a boost from a rise in oil prices.
The Aussie received a boost from an increase in oil prices yesterday, which allowed the given pair to overtake the immediate resistance, but the impetus provided was insufficient to maintain trade above the 0.76 level.
The European single currency failed to appreciate against the Japanese Yen and remained relatively unchanged on Monday, as the given cross edged only 16 pips lower over the day.
Monday trading was finished with sharp gains for gold, as the price closed above the first weekly resistance line at 1,257.50.
After more than a week of declines the USD/JPY remained almost completely unchanged on Monday, indicating a possible trend reversal.
The Sterling set off with a 125-pip rally against the Buck yesterday, unable to climb over the second tough resistance area.
Since the first day of April the EUR/USD pair has been ending all trading sessions with no material change in its value, while the volume has been in a decline too.
The New Zealand currency was able to regain the bullish momentum on Friday, but struggled to maintain trade above the monthly PP.
The US Dollar weakened against the Canadian one on Friday, with the pair slumping towards the daily low of 1.2950 on much better-than-expected Canadian Employment Change figures.
Last Friday the AUD/USD currency pair confirmed the support around 0.75, represented by the monthly PP, resulting in a just under 50-pip rally.
Although fears of the possible BoJ intervention sparked a rally in the EUR/JPY cross last Friday, the pair still retreated from its intraday high and remained relatively unchanged.
It seems that the 55-day SMA (1,216.61) is finally starting to have a greater influence on the bullion.
The US Dollar was unable to maintain trade above the 109.00 major level on Friday, ultimately retreating and closing with a 15-pip loss.
Last Friday the GBP/USD currency pair managed to regain the bullish momentum and retake the 1.41 major level, also erasing Thursday's losses completely.
EUR/USD was consolidating in a very narrow range last week, which makes the technical setup neutral for the upcoming working week.
The Kiwi also fell victim to lower commodity prices, therefore, slumping towards the second support target, namely the 20-day SMA at 0.6774.
The Greenback once again appreciated against the Loonie yesterday, this time climbing over the monthly PP.
As was expected, the Australian Dollar weakened against its American counterpart on Thursday, having plunged towards the monthly PP near 0.75.