Decline for the currency pair continues on Monday morning.
As expected, the bullion was pressured downwards in the last 24 hours,
On Friday morning the USD/JPY currency exchange rate remained near previous levels.
The EUR/USD reveals new junior descending channel on Friday.
The GBP/USD currency pair declines after BoE increased interest rate.
By looking at the charts of the yellow metal one can observe that the metal has broken all of the trend lines previously drawn on the hourly chart. However,
As it was expected previously, the USD/JPY currency rate did retreat and trade sideways after the massive surge that occurred during the last two trading sessions.
The Eurozone single currency continues to depreciate against the US Dollar. The exchange rate has reached near a significant support level near the 1.1680mark.
Thursday's session begins with GBP/USD trading with high volatility, thus allowing the pair to crash by 56 base points during the morning UK's session.
After some increase of volatility the yellow metal's price has remained near the 1,220.00 mark.
The surge of the US Dollar against the Japanese Yen is continuing. The surge is also occurring faster than it was initially expected.
The EUR/USD currency exchange rate was stranded between SMAs and pivot points during the morning hours.
The GBP/USD currency exchange rate is facing a steep resistance cluster near 1.3130 during the European trading session on Wednesday.
On Tuesday morning the decline of the yellow metal's price continued, as the price traded near the 1,220 mark.
As it was expected, the USD/JPY currency exchange rate increased its volatility on Tuesday and surged.
The currency exchange rate is gradually moving towards a resistance set by the weekly pivot point near the 1.1732 mark.
The Pound Sterling continued trading sideways against the US Dollar for the third consecutive trading session.
On Monday morning it could be observed that the yellow metal's price pierced the support of a medium term ascending channel pattern.
The US Dollar has continued to trade near the 111.00 mark. However, on the daily chart
EUR/USD relatively calm during the Asian session.
The GBP/USD pair was stranded between SMAs during the morning hours.
Friday's session begins with XAU/USD trading with low volatility
The Sterling faces a strong resistance cluster which may not surrender today.
Downside potential is still apparent for EUR/USD in this session.