The Euro once more approaches the resistance put up by the monthly R2 at 1.1353 against the US Dollar, as the currency rate found support on Monday in the combined support cluster made up of the lower trend line and the weekly pivot point at 1.1281 and the monthly R1 at 1.1263.
Monday's decline caused the USD/JPY currency pair to almost completely erase the bullish gap.
The US Dollar ended a nine consecutive session streak of losses against the Canadian Dollar on Friday, as the currency exchange rate changed direction and continued to surge even by 12:00 GMT on Monday.
The Australian Dollar plunged against the US counterpart on Friday, with the four-month up-trend being put to the test.
On Friday the Euro managed to outperform the Japanese Yen, rather than weaken against it, but with the key resistance remaining intact.
The Kiwi fell on Monday against the US Dollar, as it started the week with a session opening a lot lower than the previous close.
The yellow metal is falling, as it started to lose its value on Friday, when the metal fell from the height of 1,352 to 1,340 level.
Having opened with a bullish gap today, the USD/JPY currency pair is now likely to be subject to weakness.
The British currency experienced a rather sharp decline on Friday, slumping back under the 1.31 major level, thus, failing to settle at a two-week high.
The common European currency began a retreat against the US Dollar on Friday, and the pair continues to move lower on Monday, as by 5:00 GMT it had reached below the newly formed, weekly PP at 1.1281.
The Kiwi started Friday's session higher against the US Dollar, as it opened the session at 0.7291 and touched the 0.73 mark at one moment.
The US Dollar paused its streak of losses against the Canadian Dollar on late Thursday.
Although the Euro climbed higher against the Japanese Yen on Thursday, the pair was still unable to rise above the 113.65 level, therefore, preserved the consolidation trend.
On Thursday the Aussie once again put the four-year down-trend to the test by ending the day with a 30-pip rally.
The yellow metal did not manage to upkeep its surge on Friday, as the yellow metal bounced off the weekly R1 at 1,351.70 and moved to 1,349.50 by 5:30 GMT.
The Japanese Yen continued to outperform the American Dollar, causing the pair to drop below the 100.00 major level, but with the immediate support remaining intact.
The Cable managed to post more solid gain on Thursday, being driven by a strong reading of the UK Retail Sales data earlier that day.
The common European currency ended Thursday's trading session at the second monthly resistance at 1.1353 against the US Dollar, which marked the fifth consecutive session of gains for the Euro.
Ignoring initial gains of the US Dollar against the Loonie mid-Wednesday, the currency exchange rate fell by the end of the trading session, and the downward movement continued on Thursday morning.
The Australian currency weakened against its US counterpart on Wednesday, ultimately suffering a 39-pip loss, thus, preserving the four-year down-trend.
The New Zealand Dollar is surging against the US Dollar on Thursday, as the currency exchange rate jumped on the dovish FOMC minutes released on Wednesday.
The European single currency remained relatively unchanged against the Japanese Yen on Wednesday, with the pair even unable to climb over the 113.29 level, where the weekly PP rests.
The situation look like the bullion stopped bouncing around the 1,340 level, and it has set a northward direction.
The FOMC Minutes somewhat disappointed yesterday, causing the USD/JPY currency pair to retreat from its intraday highs.