The rate has continued a surge that began after the currency exchange rate met with the lower trend line of a dominant ascending pattern.
On Wednesday morning the GBP/USD traded still near the 1.2800 level.
The EUR/USD has given new information to technical chartists.
The surge of the yellow metal has decreased its volatility range and in the meantime crossed the resistance of the 200-hour simple moving average at 1,215.86.
On Friday, Dukascopy analysts spotted a descending pattern on the hourly chart of the USD/JPY currency exchange rate.
After plummeting 286 base points on Thursday, the GBP/USD was recovering.
The surge of the EUR/USD continued for the third consecutive trading session on Friday.
The yellow metal has bounced off the support of the dominant pattern and surged up to the 1,215.00 mark.
On Thursday the USD/JPY traded near the 113.40 mark, where it had retreated after passing the support levels near 113.60 on Wednesday.
The government of the United Kingdom is failing on Thursday.
The EUR/USD has continued to surge on Thursday.
On Wednesday, gold prices remained at the lower trend line of a dominant ascending pattern.
By trading horizontally the USD/JPY has broken the support of a junior ascending pattern that was drawn on the hourly chart.
After jumping to the 1.3040 mark the GBP/USD was plummeting by the middle of Wednesday's trading session.
The EUR/USD has bounced up to trade above the 1.13 mark.
The 1,200 level was reached, as it was already stated on Monday.
On Tuesday, the USD/JPY traded near the previous day's levels after touching a new low level at 113.60 mark.
During the last 24 hours GBP/USD has surged. It is expected that the rate will test resistance levels at 1.2920.
As the EUR/USD extended its decline on Monday, the currency exchange rate reached the 1.1215 level and broke a large scale descending pattern.
By looking at the daily chart it can be observed that the commodity price is set to reach the 1,200 mark.
After reaching a new high level at 114.20 the USD/JPY has retreated downwards to look for technical support levels.
The GBP/USD has plummeted downwards faster than it was previously expected.
The EUR/USD has passed below the 1.1300 mark.
Gold continues to decline. Meanwhile, note that the chart has been redrawn.