There was no trading of Gold Monday morning, which led to a lack of motion in the XAU/USD price.
The USD/JPY currency pair managed to post some gains last Friday, retaking the 117.00 major and reconfirming the channel's borders.
The British Pound decided to end the day with a blast, as it successfully reclaimed the 1.23 major level on Friday, having surged 84 pips against the US Dollar.
Following a volatile session on Friday, EUR/USD entered this year with a small green candle on the morning session, testing the upper boundary of the most recent channel down.
During the first half of Friday's trading session the New Zealand Dollar retreated from the high level scored against the US Dollar during Thursday's trading.
Due to rising oil prices the Aussie received a boost on Thursday, adding 45 pips against the American Dollar.
The US Dollar retreated against the Canadian Dollar during the first half of Friday's trading session.
The Euro barely managed to recover from its intraday low yesterday, ultimately adding only 17 pips against the Japanese Yen.
The bullion traded above the third weekly resistance level, which is located at 1,158.04, on Friday morning.
Yesterday's decline in the USD/JPY pair's exchange rate was the last touch required in order to establish a descending channel pattern.
Although the British Pound successfully posted some gains against the American Dollar on Thursday, risks remain skewed to the downside.
During the early hours of Friday's trading session all of the technical analysis of the EUR/USD currency exchange rate experienced a shock.
Contrary to the rest of the market, the Kiwi scored gains against the US Dollar on Thursday.
The US Dollar fell at the start of Thursday's trading session against the Canadian Dollar.
The Aussie weakened against the US Dollar on Wednesday, but retained its position above the 0.7160 psychological support.
Yesterday the Euro once again failed to climb over the 123.00 major level, resulting in a mild bearish development of 75 pips.
The yellow metal's price jumped on Thursday morning and reached once more the second weekly resistance at 1,150.18.
After a rather strong six-week rally the USD/JPY currency pair began to slide down, being in a bearish trend for two weeks now.
Wednesday ended with the British Pound weakening against the US Dollar again, this time piercing the monthly S1.
The common European currency surged on Thursday morning against the US Dollar, as it once more reached the 2015 low level.
HKD/JPY surged from all time lows to all time highs over a period of four years, posting an ultimate ground at 9.8074 and showing major supply at 16.0363. Recent resistance lies at 13.0451 and has denied access to levels below for two consecutive times, setting distinctive bounds for predicting the somewhat ranging motion. The weekly chart shows that the pair
The Kiwi continued to trade sideways for the fifth consecutive session against the US Dollar, as the currency exchange rate continued to bounce around the 0.69 level.
The AUD/USD currency pair appears to be unable to reclaim the 0.72 major level, which in turn is bolstered by the monthly S1 and the weekly PP.
The EUR/JPY entered a phase of consolidation, being anchored around the 122.50 level for nearly four weeks now.