A review of the situation on the GBP/USD pair has been done. As a result of that, various new pieces of information have been discovered.
The common European currency for the first time during the week did not follow in accordance with the forecast against the US Dollar on Thursday.
In line with expectations, the currency exchange rate managed to restore lost positions and reached the 0.7279 mark.
The USD/CAD currency exchange rate had a quite turbulent Wednesday, as the Greenback depreciated against the Loonie by 1.09% and, in the result, broke through the southern boundaries of a medium-term and short-term channels.
Fortunately for the Aussie, the poor US housing data that was released yesterday gave the currency pair a necessary impulse to break through the 200-hour SMA, the weekly PP at 0.7895 and even slightly overstep the weekly R1 at 0.7951.
In second half of the previous trading session the currency exchange rate made an unexpected turn around near the 130.05 mark and started to fall.
The yellow metal bounced off the support cluster just below the 1,270 mark, as it was expected on Thursday morning.
The EUR/USD currency exchange rate continues to trade in accordance with the medium term descending channel pattern, which is heading towards a large scale pattern's support line.
After reaching the 111.00 mark early on Wednesday, the US Dollar plunged for the remaining session.
Despite edging higher in the wake of solid earnings data, the Pound failed to sustain its upward momentum on Wednesday and returned near the 1.2850 mark—a level already proven to be a strong support.
Despite the 32-pips appreciation of the Greenback that was caused by a surprising release of information on the US Retail Sales, the currency rate managed to stay within an active descending channel.
By the moment, it is not very clear, whether yesterday's overstep beyond the 1.2748 level represents a correction or a sign of continuation of the surge.
In line with expectations, the Greenback failed to pull the pair below the 0.7813 level. After reaching this minimum point, the currency rate started to move in the opposite direction.
As it was expected, the EUR/JPY currency rate has successfully bypass a combined resistance level formed by the 200-hour SMA and the monthly PP at 129.78, thus continuing to move in an ascending channel.
The bullion reached the targeted 1,270 mark, as the better than expected fundamental data was released during the middle of Tuesday's trading session.
The EUR/USD currency exchange remains predictable, as another target was reached during Tuesday's trading session.
Following a breach of the upper line of the junior channel, the US Dollar continued to appreciate against the Yen near the weekly R1.
Weak UK and strong US fundamentals on Tuesday resulted in a 108-pip fall of the GBP/USD exchange rate within six hours.
In line with expectations, Kiwi continued to lose value against the American Dollar until the pair has reached a support at the 0.7258 level.
The way the USD/CAD moved completely matched with the yesterday's assumption.
As it was expected, the currency pair has reached, firstly, the 0.7861 mark and, then, the 0.7845 level.
In the short-term, an idea expressed yesterday was correct. The currency exchange rate, indeed, started to slip to the bottom and this downside movement could continue, if the pair had not met the 100-hour SMA near 129.04.
The decline of the commodity price continues, as expected. The bullion is reaching for the 1,270 mark, which it will most likely reach during Tuesday's trading session.
As it was expected, the EUR/USD currency pair is continuing the decline. On Tuesday morning the pair suddenly reached the support of the weekly S1, which is located at the 1.1726 level.