The Euro has begun a surge against the US Dollar in the aftermath of a consolidation.
On Friday the yellow metal's price traded slightly higher. However it was still expected to decline in the longer term.
On Friday morning the USD/JPY currency exchange rate traded below a strong resistance cluster.
The pair trading sideways might point to a possible change in sentiment in this session.
The Euro is expected to make a bearish reversal near 1.1670 today.
The yellow metal has extended its gains on Thursday, as the bullion's price had reached the 1,260 mark.
A two day surge, which began on June 19, continued on Thursday, as the US Dollar reached higher against the Japanese Yen.
The Pound is expected to bounce off the channel line near 1.31 today.
A surge should follow if the 55- and 100-hour SMAs at 1.16 are breached.
Technical signals point to soon recovery of the GBP/USD exchange rate.
The Euro still remains weak, thus trading near its one-year low.
XAU/USD reaches one-month low level.
The USD/JPY exchange rate plummeted due to the US and China rising trade tension.
The Euro remains trading in a short-term channel up.
GBP/USD reached new 2018 low early on Tuesday.
As Fundamental events took place on Friday, the bullion plummeted below all technical support levels and reached below the 1,280.00 level.
During the early hours of Monday's trading session the US Dollar was losing ground against the Japanese Yen until it found support in a new level of significance.
The Pound re-tested many-month low near 1.3230 on Monday morning.
EUR/USD remains weak near one-year low.
After breaching the 1,300 mark, the yellow metal's price declined on Friday.
Although the volatility of the currency exchange rate remains at the same high level as previously, the currency exchange rate has continued to follow the forecast path.
GBP/USD is likely to push towards the 1.3350 area today.
The Euro is calm this morning after the massive 2.28% plunge on Thursday.
On Thursday the yellow metal managed to pass the resistance of the 1,300 level.