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The yellow metal has continued to trade almost flat. However, it has started to do so in a different range, as the price has been fluctuating between 1,805.00 and 1,820.00 levels.
On Friday morning, the USD/JPY currency exchange rate passed the support levels near 104.20.
The resistance zone of 1.3380/1.3400 continued to hold on Thursday and Friday. The resistance caused a breaking of the supporting trend line and the 100-hour simple moving averages, which pushed the rate up.
The common European currency has found support in the 55-hour simple moving average, which has been pushing the pair up since the afternoon of Thursday. In the meantime, the pair faces the resistance of the weekly pivot point at 1.1935.
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