The bullion gained some ground on Thursday after the massive fall experienced previously.
The US Dollar has skyrocketed against the Japanese Yen,
On Thursday the main effort in analysing the GBP/USD was spent marking the new junior descending pattern.
The resistance provided by various resistance levels on the daily and hourly charts has proven itself strong enough to push the EUR/USD currency exchange rate lower.
On Wednesday the yellow metal reached the lower trend line of the speculated channel up medium term pattern.
There was a large increase of volatility on the USD/JPY. However,
During the last few trading session the GBP/USD pair has continued to trade sideways between and around two hourly simple moving averages.
By the middle of Wednesday's trading session the EUR/USD pair had been beaten down by a resistance level that can be spotted on the daily chart.
The yellow metal has booked more gains against the US Dollar, as it continues to surge without showing signs of stopping.
The US Dollar has fallen against the Japanese Yen more than it was expected.
The Pound has gained more ground against the US Dollar. However,
The Euro started the week against the USD Dollar by reaching a new high level.
The recent short term breaking of a junior pattern has revealed more information to fully redraw the charts of the yellow metal.
On Thursday the USD/JPY currency pair revealed a medium term ascending pattern.
The short term pattern of the Pound against the US Dollar has been broken due to European politics.
The EUR/USD currency exchange rate has continued the previously started surge by booking a new high level on Friday.
The technical charts of the Bullion have been adjusted. One can see the new patterns that guide the metal.
On Thursday the USD/JPY currency pair revealed a medium term ascending pattern.
The previously drawn patterns of the GBP/USD pair have continued to push the currency exchange rate higher.
The EUR/USD currency exchange rate has surged and revealed a new medium term ascending pattern.
The bullion has surged ignoring all technical levels.
The surge of the USD/JPY has ended.
On Wednesday there were many developments in regards to the GBP/USD currency pair.
The common European currency has managed to pierce a long term resistance against the US Dollar.