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Gold started the week by surging and breaking the resistance of a descending channel pattern. The move was expected, as already on Friday the pair clearly bounced off the support of a dominant pattern and began to surge.
The USD/JPY started the week's trading with a large drop at the start of Monday's trading. It traded with large volatility until it finally found equilibrium near 110.70. In general, the rate has two possible scenarios.
On Friday, the GBP/USD managed to break the ascending pattern that guided it in two ways just in a couple of hours. Namely, after declining just below the 1.3000 level, the rate began a surge, which reached 1.3170.
EUR/USD is facing a strong resistance cluster on Monday. Namely, at the 1.12000 level there are three technical levels that keep the rate down.
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