Upbeat US fundamental data on Thursday allowed the American Dollar to take the upper hand and outperform the Aussie.
The hourly chart demonstrates that EUR/JPY has been trading in the ranging market for the third consecutive day.
On Friday the yellow metal began the day's trading session just above the 1,240 level.
The US Dollar successfully outperformed the Yen on Thursday, receiving a boost from a better-than-expected US GDP reading.
The British Pound found support in front of the 55 and 100-day SMAs yesterday, but was unable to fully breach the immediate resistance cluster.
During the early hours of Friday's trading session the common European currency found support against the Greenback in a combined support level, which is made up of the weekly S2 and 55-day SMA.
During the first half of Thursday's trading session the New Zealand Dollar traded against the US Dollar below the weekly pivot point, which is located at the 0.7039 level.
By the middle of Thursday's trading session the US Dollar traded below the 1.3350 mark against the Loonie, as the currency exchange rate had retreated during the previous trading session.
The recent AUD/USD rally was expected to be reversed, but given that the pair managed to breach the immediate resistance yesterday, another positive development could now take place.
On Wednesday, the European single currency erased all previous week's gains against the Yen, having closed under the 119.60 handle. A breach of this psychological support suggests the Euro could fall even deeper now.
The yellow metal continued to trade between two clusters of significance on Thursday morning, as it had done for the past two trading sessions.
Even though the Greenback weakened against the Yen on Wednesday, no significant losses were registered, with the pair remaining above 111.00.
The GBP/USD currency pair managed to avoid serious losses on Wednesday, as the weekly PP, the 55 and the 100-day SMAs provided sufficient support.
On Thursday morning the common European currency traded against the US Dollar near the 1.0750 level, as it was fluctuating between two levels of significance.
By the middle of Wednesday's trading session the New Zealand Dollar against the US Dollar managed to fall below the 0.70 mark and retrace back upwards.
The Greenback remained near the previous closing price against the Loonie by the middle of Wednesday's trading session, as the currency exchange rate fluctuated near the 1.3380 level.
The Australian Dollar managed to post some gains against its US counterpart on Tuesday, but was unable to fully erase Monday's losses.
The pair was trading within the bounds of an upward sloping channel during the first hours of today's trading session.
After failing to score more gains on Tuesday the yellow metal declined, and the commodity price fell below the 1,250 mark, where it remained on Wednesday morning.
After a two-week decline the USD/JPY currency pair managed to breach the descending channel's support line yesterday, also reacquiring the 111.00 mark.
In the wake of formal beginning of Brexit the GBP/USD pair began sliding down, this was seen by yesterday's bearish development when the Pound lost more than 100 pips.
On Wednesday morning the common European currency traded flat against the US Dollar near the 1.0810 mark, and it was positioned to decline to the 1.0780 level.
During the first half of Tuesday's trading the New Zealand Dollar managed to fall and almost reach the 0.70 mark against the US Dollar.
By the middle of Tuesday's trading session the Greenback had reached above the 1.34 mark against the Loonie and made an attempt to break through the resistance put up by the monthly R1, which is located at the 1.3417 level.