Technical indicators point to further decline today.
This session might be led by the 55-hour SMA.
The yellow metal remains in the previous ranges. However, there is something more notable than the price level.
On Thursday the USD/JPY currency exchange rate had declined below the 110.00 mark.
The Euro still shows slight upside potential in this session.
A reversal to the downside is expected during the second part of the day.
The yellow metal's price has made an attempt to surge above the resistance of 1,300.
On Wednesday morning the USD/JPY currency exchange rate met with the resistance of the 110.20 cluster, as it was forecast on Tuesday.
EUR/USD shoots up unexpectedly early on Wednesday.
Reversal for GBP/USD is expected during the second part of the day.
On Tuesday morning the yellow metal's price continued to trade in the range between 1,290.00 to 1,295.00 levels.
On Tuesday morning it could be noticed that the US Dollar was attempting to break the medium term resistance against the Yen, which was discovered only on Monday.
EUR/USD is expected to remain in the 1.1660/1.1750 range today.
SMAs are likely to impact the Pound in this session.
The XAU/USD commodity price continues to trade in a narrow channel since May 31.
The first part of Monday's trading session was relatively calm of the USD/JPY currency exchange rate.
EUR/USD finds support at the 55-hour SMA early on Monday.
GBP/USD is expected to reverse to the downside near the psychological 1.34 mark.
The yellow metal had once more retreated down to levels below 1,300.
Friday's first half of trading saw the USD/JPY surge above the 109.10 level.
EUR/USD is likely to be affected by moving averages in this session.
Technical signals are more in favour of the bearish scenario for the Pound today.
The commodity price has breached the upper trend line of a large scale descending channel down pattern.
The USD/JPY currency pair has encountered the resistance of the 55-hour SMA, which forced the rate lower.