After reaching above the 1,250.00 level, the yellow metal's price was consolidating its gains and retreated on Monday. Namely, the rate encountered the upper trend line of an ascending pattern and began a retreat.
The USD/JPY surged on Monday up to the resistance levels near the 112.70 mark. In general, the rate has two possible scenarios. The pair could break through the resistance levels and surge to the 100-hour simple moving average at the 112.80 level and afterwards pass it to surge to the weekly pivot point at 112.93. On the other hand the rate might
The volatility of the GBP/USD has once more increased, as the UK Parliament is set to vote on the Brexit deal that Theresa May has agreed upon with the European Union.Meanwhile, from a technical analysis perspective the currency exchange rate is expected to decline, as it has no technical support as low as the 1.2680 mark. At that level the
During the late part of Friday's trading session the EUR/USD managed to break the resistance of the dominant descending channel pattern at the 1.1400 level. The event increased volatility, which lasted into the second half of Monday's trading.
The yellow metal managed to pass in the resistance levels just above the 1,240.00 level and score a new high level during the second half of Thursday's trading session.
The USD/JPY has pierced the lower trend line of the dominant ascending channel pattern. It is signalling that a head and shoulders pattern exists on the charts. In general,
The British currency on Thursday found support in the pivot point at 1.2700 and surged through various simple moving averages to reconfirm the upper trend line of the large scale descending pattern near 1.2800.