The British currency received a boost from a good CPI reading yesterday, successfully climbing over the 1.23 mark.
The New Zealand Dollar traded higher by midday on Tuesday against the US Dollar, as the markets were expecting new fundamental data for clues on both the Greenback's and Kiwi's strength.
The US Dollar continued the breakout from the triangle against the Canadian Dollar, as the currency exchange rate had touched the 1.3055 mark by midday on Tuesday.
The Aussie managed to trim all intraday losses against the US counterpart yesterday, closing trade with just a four-pip gain.
The EUR/JPY currency pair behaved in accordance with the forecast yesterday, having edged below the 38.20% Fibo level.
Last week has possibly marked a new page for CAD/JPY by breaking the upper trend-line of the 21-month channel down. With 78.54 marking the pair's exit from the pattern, we see a retracement on the menu, possibly reaching the broken trend-line in December or early 2017. A reversal is suggested by the falling wedge on the daily chart as well,
The yellow metal is free from fluctuations above the 1,250 level, above which it had bounced up and down for the past week.
Monday ended with the Cable edging only 27 pips higher, but with risks still skewed to the downside.
Although the US Dollar edged lower against the Yen on Monday, the three-week bullish trend remained intact.
The common European currency moved higher against the Greenback on Tuesday morning, as the currency exchange rate attempted to even break through the resistance put up by the second monthly support level at 1.1026.
The New Zealand Dollar surged against the US Dollar in the fit half of Monday, as the pair moved to trade above the newly formed weekly pivot point at 0.7104.
The Greenback had not almost moved in the first half of Monday's trading session against the Loonie, as the currency exchange rate remained firmly near the 1.3150 level.
EUR/SGD fell 35% over the last eight years, and has just recently taken a different stance rather than following the channel down pattern as it did during the plunge. 2015 marked a new trend with a descending triangle, which shared its upper trend-line with the senior channel, both losing to the strong Euro in the last two months. Working against
Relatively poor US fundamentals allowed the AUD/USD currency pair to edge higher, easily retaking the 0.76 level and piercing the immediate resistance cluster.
The European single currency weakened against the Japanese Yen on Friday slightly more than anticipated, having breached the 38.20% Fibo at 114.36.
The yellow metal had once more rebounded against the 1,250 support level on Monday morning, as the metal had fallen to the support level once more, erasing all of the previous week's minor gains.
The US Dollar managed to overcome the Japanese Yen again on Friday, climbing back above the 104.00 major level.
The monthly S3 appeared to be too difficult to overcome, causing the Sterling to fall 65 pips at the end of the previous week.
The common European currency scored minor gains against the Greenback on Monday morning.
On Thursday the EUR/JPY currency pair experiencing substantial volatility, ultimately remaining relatively unchanged, having lost only six-pips.
By midday on Friday the New Zealand Dollar traded higher than it closed the session on Thursday against the US Dollar.
It has occurred, the expected break out from the Triangle happened with the start of Friday's trading session.
After having retested the ten-month up-trend yesterday, the AUD/USD currency pair erased all intraday gains and closed with a small rally.
The yellow metal threaded lower on Friday morning, as it was in the continuation of the bounce off from a resistance, which occurred in the second half of Thursday's trading session.