Despite experiencing substantial volatility on Friday, the EUR/JPY cross still behaved in accordance with the forecast.
Volatility of gold prices was one of the highest in six trading days on Friday, but daily changes were far smaller than some massive movements registered earlier in July.
Although the USD/JPY currency pair declined last Friday, losses exceeded expectations
The 1.55 major level gave in last Friday, allowing the Cable to reach a fresh monthly low.
At first, markets pushed the most traded FX cross considerably downwards on Friday, with volatility provided by US labour market fundamentals.
The New Zealand Dollar behaved according to the forecast, as it appreciated against its US counterpart.
The Greenback tested the Bollinger band near the 1.32 psychological level and, as a result, was pushed back down, erasing this week's gains completely.
Although the AUD/USD currency pair was able to reach the predicted target level of 0.7315 yesterday, the Aussie still remained relatively unchanged against the US Dollar.
The European currency behaved in accordance with the forecast on Thursday, as it appreciated against the Yen.
Possibly after today's US report on jobs the XAU/USD cross will finally decide to move at least beyond its nearest technical levels, which are represented by the weekly pivot point and weekly S1 at 1,092 and 1,080, accordingly.
The USD/JPY currency pair experienced some volatility on Thursday, but ultimately, remained relatively unchanged.
The Cable sustained heavy losses on Thursday, as less-than-expected MPC members voted for an interest rate hike.
EUR/USD continued to trade with positive momentum yesterday, but pair added just 20 pips in course of the session.
The Kiwi kept sliding down for the seventh day in a row yesterday, but the tide is about to turn.
After reaching the resistance cluster around 1.3215, the USD/CAD was pushed back to the 1.31 psychological level yesterday, but instantly returned above the Tuesday's open price.
Even though the AUD/USD currency pair inched closer to the 0.74 major level, the ultimate movement was still to the downside.
The EUR/JPY currency pair found support in face of the weekly S1 and 200-day SMA and managed to rebound.
It seems that gold is preparing for a US jobs' report due on Friday, thus showing no intentions to hurry with uplifted volatility.
The ISM Non-Manufacturing PMI outweighed the poor ADP Non-Farm Employment Change data, which resulted in the USD/JPY surge on Tuesday.
Even though the GBP/USD currency pair experienced rather substantial volatility yesterday, the pair still managed to appreciate.
EUR/USD successfully tested the Jul 22 low at 1.0870 and crossed the weekly S1 six pips from below on Wednesday.
The Euro reached the predicted target yesterday, but was then pushed back down, which resulted in breaching the support that held the given pair afloat.
The NZD/USD currency pair declined for the sixth consecutive day on Tuesday, despite having reached the weekly PP at 0.6617.
Upon reaching the 1.31 psychological level, the US Dollar managed to regain the bullish momentum and rally against its Canadian counterpart.