On Wednesday, the USD/JPY rate traded above the combined support of hourly simple moving averages near the 111.20 level.
After breaking various patterns on Tuesday, on Wednesday the GBP/USD pair retreated back down.
After booking a new high level against the US Dollar, the common European currency was retreating on Wednesday.
One high level after another, that is the move of the bullion since Friday.
The USD/JPY on Tuesday faced no resistance, as it had managed to find support in an SMA and a lower trend line of a channel up pattern.
The GBP/USD pair was breaking patterns on Tuesday, as the recently drawn junior pattern was broken.
On Tuesday the EUR/USD pair booked a new high level.
In the aftermath of central banking comments made by Jerome Powell on Friday, gold prices remained clearly above the 1,205.00 level on Monday.
The USD/JPY pair has touched the 111.50 mark before the currency pair retraced back down to the 111.00 level on Monday.
On Monday, the GBP/USD tested the support of a weekly pivot point, which managed to hold and support the Pound. The encounter ended in a surge of the Pound against the US Dollar.
On Monday, the EUR/USD was trading in the range between 1.16 and 16.50 levels.
The yellow metal is facing the combined resistance of the 55- and 100-hour SMAs at 1,192.00.
The US Dollar showed strengthened against the US Dollar on Thursday, being located at 111.50 early today.
The Pound shows some slight downside potential against the US Dollar in this session.
The Euro is stranded between the 55- and 100-hour SMAs in this session.
The medium term pattern of the daily chart has managed to hold its ground. It can be expected that the bullion will decline down to the 1,180.00 mark before it makes another attempt to surge.
The USD/JPY has managed to surge and almost touch the 111.00 mark.
As it was expected on Wednesday, the GBP/USD currency rate broke the narrow ascending pattern on Thursday.
On Thursday, the EUR/USD currency exchange rate continued its retreat after bouncing off the resistance of the 1.16 mark.
On Wednesday, the USD/JPY rate regained some of the previous lost ground and retraced back above the 110.00 mark.
The previously drawn junior pattern of the hourly chart has managed to break the upper trend line of another pattern. Although, the move was expected, as the metal is surging after encountering a massive scale pattern's lower trend line.
It was expected that the GBP/USD will reach higher in the upcoming trading sessions. Instead the pair has jumped, quickly reaching above the 1.29 level.
On Wednesday, the EUR/USD pair had extended its surge. Moreover, the rate had touched the 1.16 mark during the morning hours of the day's trading session.
The surge of the bullion continued on Tuesday, as the metal passed the resistance of the 200-hour SMA. Due to that reason, no resistance laid on the path of the metal up to the 1,200 mark.