By the middle of Tuesday's trading session the rate had pierced trough a strong resistance cluster near the 112.70 mark.
On Monday, the GBP/USD was plummeting downwards, as no support levels were holding it down from declining.
EUR/USD has managed to break the previously numerous times tested upper trend line of a dominant descending pattern.
The resistance at 1,241,40 has been pierced.
The USD/JPY has pierced the support line of a dominant ascending pattern, signalling that the USD/JPY is set to decline in the near future.
After once more testing a dominant resistance level at 1.2800 the GBP/USD declined on Friday.
The rate has once more tested the high level of 1.1400. Although, after the testing of the high level the rate began a decline.
Another attempt to pass the resistance at 1,241.40 was made just as forecast. Although, the pair did not pass the resistance level.
By the middle of Thursday's trading session, the USD/JPY continued to trade near the lower trend line of a dominant large scale ascending pattern.
By the middle of Thrusday's trading session the GBP/USD had decreased its volatility, compared to the previous sessions.
On Thursday, the EUR/USD faced a strong resistance level at the 1.1350 mark.
After reaching the targeted 1,240.00 level on Tuesday, on Wednesday gold prices declined downwards until they met with the support of the 55-hour simple moving average.
The drop of the USD/JPY was stopped by the lower trend line of the most dominant, largest ascending channel pattern's support line.
The GBP/USD pair retreated down below the 1.27 mark on Wednesday morning.
During the last twenty four hours the EUR/USD has increased its volatility to a 100 base point range.
The target of 1,240.00 has been reached.
The USD/JPY was plummeting on Tuesday, breaking technical charts.
On Tuesday morning the GBP/USD revealed a descending pattern. Although, the rate is still highly volatile.
The EUR/USD pair has surged to the upper trend line of a dominant descending channel pattern near the 1.14 mark.
Gold continues to surge in an ascending pattern. However, it has encountered the resistance of the pattern and is set to consolidate its gains.
On Monday, the USD/JPY surged up and broke last resistance levels on the daily chart before the 114.00 mark.
On Monday, the GBP/USD plummeted like a rock. It passed all support levels and plummeted down to almost reach the 1.2700 level.
On Monday morning the EUR/USD traded with high volatility, as after surging up to the 1.1380 level it declined in a sudden sharp move.
After the previous jump, gold prices retraced downwards and revealed the borders of a short term ascending pattern.