The EUR/JPY currency pair consolidated below the 134.00 level during Monday's trading session.
On Monday, the price for gold was testing the resistance of the 1,910.00 level. This level caused a decline during the middle of the last week. If the price declines, it would most likely find support in the combination of the 55 and 100-hour simple moving averages at 1,900.00. In addition, the 1,900.00 mark could provide support on its own. In the
On Friday, the USD/JPY broke the resistance of the 110.00 mark and touched the 110.20 level. However, a surge did not follow, as the rate declined. On Monday, the rate was located near the 109.70 level. In the case of the rate declining in the near term future, the pair could reach for the support of the weekly simple pivot point
On Monday, the GBP/USD traded below the 1.4200 mark, which provided resistance. In the meantime, support was being provided by the 100 and 200-hour simple moving averages near 1.4160. In the case of the rate surging, it would once again test the resistance of the 1.4200 mark. A passing of this level would encounter resistance in the zone above the 1.4220
The EUR/USD pierced the late May support zone above the 1.2160 level on Friday. However, almost immediately the rate returned to trading near the 1.2000 level. On Monday morning, the rate fluctuated in limbo around the round exchange rate level. In the near term future, the rate could decline, as it faced the resistance of the 100 and 200-hour simple
The US Dollar declined by 50 pips or 0.41% against the Canadian Dollar on Friday. A breakout occurred through the lower boundary of an ascending channel pattern during Friday's trading session.
The British Pound declined by 42 pips or 0.27% against the Japanese Yen on Friday. The GBP/JPY pair tested a support cluster at 155.54 during the London open on Monday.
During the first half of Friday's trading session, the Australian Dollar plunged by 66 pips or 0.86% against the US Dollar. However, the currency rebounded at the end of the day.
The common European currency declined by 31 pips or 0.23% against the Japanese Yen on Friday. The decline was stopped by the 50– hour simple moving average during Friday's trading session.
Downside risks pressured the US Dollar lower against the Canadian Dollar on Thursday. The currency pair tested the lower line of an ascending channel pattern during yesterday's trading session.
Upside risks pressured the Pound Sterling higher against the Japanese Yen on Thursday. The currency pair surged by 215 pips or 1.39% during Thursday's trading session.
The Australian Dollar declined by 26 pips or 0.34% against the US Dollar on Thursday. Bearish traders were unable to break the 0.7725 level during yesterday's trading session.
The single European currency surged by 106 pips or 0.80% against the Japanese Yen on Thursday. The currency pair breached a significant resistance level at 133.41 during Thursday's trading session.
The yellow metal declined by 133 pips or 0.70% against the US Dollar on Thursday. The commodity breached the 55– hour simple moving average during yesterday's trading session.
Upside risks pressured the US Dollar against the Japanese Yen on Thursday. The currency pair tested the 61.80% Fibonacci retracement level at 109.83 during yesterday's trading session.
Upside risks controlled the British Pound against the US Dollar on Thursday. The GBP/USD currency pair climbed by 115 pips or 0.82% during yesterday's trading session.
The EUR/USD currency pair remained below the 55-, 100– and 200– hour SMAs on Thursday. The exchange rate found support at the 1.2180 level during Thursday's trading session.
Upside risks dominated the US Dollar against the Canadian Dollar on Wednesday. The currency pair tested the weekly resistance level at 1.2132 during yesterday's trading session.
The British Pound surged by more than 40 pips or 0.32% against the Japanese Yen on Wednesday. The currency pair tested the upper line of a descending channel pattern at 154.33 during Wednesday's trading session.
Downside risks pressured the Australian Dollar lower against the US Dollar on Wednesday. The exchange rate declined by 54 pips or 0.70% during Wednesday's trading session.
The common European currency declined by 38 pips or 0.28% against the Japanese Yen on Wednesday. The decline was stopped by the 200– hour simple moving average during yesterday's trading session.
On Wednesday, the yellow metal slumped by 163 pips or 0.86% against the US Dollar. The decline was stopped by the 55– hour simple moving average during Wednesday's trading session.
The US Dollar surged by 46 pips or 0.42% against the Japanese Yen on Wednesday. A breakout occurred through the upper boundary of a descending channel pattern during Wednesday's trading session.
During Wednesday's trading session, the Pound Sterling plunged by 61 pips or 0.43% against the US Dollar. The currency pair breached the 55-, 100– and 200– hour SMAs on Wednesday.