The Sterling moves along the 55-hour SMA for the second consecutive session.
On Thursday morning the yellow metal's price made another attempt to approach the 1,300 mark.
On Thursday morning the US Dollar booked a new low level against the Japanese Yen.
Strong resistance cluster that could restrict the Pound's appreciation is located at 1.3415.
EUR/USD is targeting the 55- and 100-hour SMAs near 1.1760 early on Thursday; a breakout of this area should send the pair to 1.18.
Although on other pairs it could be noticed that the US Dollar is declining, the yellow metal's price did not plummet on Wednesday morning.
The various support levels of the USD/JPY failed on Wednesday. The currency exchange rate
The Sterling returns to its six-month low of 1.34.
The Euro remains restricted from the upside by the 55- and 100-hour SMAs for the third consecutive day.
On Tuesday morning the yellow metal's price remained below the 1,300 mark.
After the long continuous surge the US Dollar has retraced downwards against the Japanese Yen.
The Sterling's appreciation is restricted by the 55- and 100-hour SMAs ear 1.3470.
A surge should follow if EUR/USD breaches the 100-hour SMA at 1.1790.
An unexpected event occurred on Monday, as the
New high levels of the USD/JPY currency exchange rate had been reached on Monday, as the
Downside potential is still apparent until 1.34.
EUR/USD is likely to remain steady in this session.
The yellow metal remains in the previous range. Moreover,
The US Dollar has broken another resistance cluster against the Japanese Yen. This was expected. However,
A breakout of the 55-hour SMA should send the Euro towards the 1.1850 area.
The bearish sentiment is likely to dominate the Sterling today.
On Thursday the yellow metal's price remained near the lower trend line of the most dominant channel up pattern.
On Thursday morning the US Dollar had gained new high levels against the Japanese Yen.
The Sterling remains near all three moving averages.