The decline of the GBP/USD recovered after reaching the 1.3600 level. By the middle of Monday's European trading hours, the currency exchange rate had recovered to the 1.3660 level. In addition, analysts have spotted a new channel down pattern on the pair's hourly candle chart. If the rate passes the resistance of the channel down pattern, the GBP/USD could aim at
At the start of this week's trading, the EUR/USD currency exchange rate passed the resistance of a channel down pattern. The pattern had guided the rate down since August 13. During the early hours of Monday's trading, the pair reached and bounced off the resistance of the weekly simple pivot point at 1.1723 and reached the support of
The US Dollar fell by 116 pips or 0.90% against the Canadian Dollar on Friday. The currency pair breached a support level formed by the 50– hour simple moving average at 1.2814 during Friday's trading session.
Since Friday's trading session, the British Pound has surged by 84 pips or 0.56% against the Japanese Yen. The currency pair breached the 50– hour simple moving average on Monday morning.
The AUD/USD currency pair bounced off a support level at 0.7109 on Friday. As a result, the Australian Dollar edged higher by 41 pips or 0.58% against the US Dollar during Friday's trading session.
On Friday, the Eurozone single currency surged by 56 pips or 0.44% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during Friday's trading session.
On Thursday, the yellow metal's price declined by 100 pips or 0.55%. A breakout occurred through the lower boundary of an ascending channel pattern during Thursday's trading session.
On Thursday, the US Dollar declined by 62 pips or 0.56% against the Japanese Yen. The decline was stopped by the 100– hour simple moving average at 109.58 during yesterday's trading session.
The British Pound plummeted by 110 pips or 0.80% against the US Dollar on Thursday. A breakout occurred through the lower boundary of a descending channel pattern during Thursday's trading session.
During the first half of Thursday's trading session, the EUR/USD currency pair surged by 30 pips or 0.26%. However, the exchange rate erased the earlier gains by the end of the trading session.
On Wednesday, the yellow metal's price declined by 108 pips or 0.61%. The commodity breached the 55– hour simple moving average during yesterday's trading session.
On Wednesday, the US Dollar surged by 55 pips or 0.51% against the Japanese Yen. A breakout occurred through the upper line of a descending channel pattern during yesterday's trading session.
Since the second half of yesterday's trading session, the British Pound has declined by 58 pips or 0.42% against the US Dollar.
On Wednesday, the Eurozone single currency declined by 29 pips or 0.25% against the US Dollar.
The yellow metal's price decreased by 134 pips or 0.75% on Tuesday. The decline was stopped by the 55– hour simple moving average at 1784.1 during Tuesday's trading session.
The USD/JPY currency pair bounced off the lower line of a descending channel pattern at 109.18 on Tuesday. As a result, the US Dollar surged by 50 pips or 0.46% against the Japanese Yen during yesterday's trading session.
Bearish sentiment pressured the GBP/USD currency pair on Tuesday. As a result, the British Pound sank by 114 pips or 0.83% against the US Dollar during Tuesday's trading session.
Downside risks dominated the EUR/USD currency pair on Tuesday. As a result, the common European currency fell by 73 pips or 0.62% against the US Dollar during yesterday's trading session.
Upside risks dominated the XAU/USD exchange rate on Monday. As a result, the yellow metal surged by 174 pips or 0.99% against the US Dollar during Monday's trading session.
On Monday, the US Dollar edged lower by 56 pips or 0.51% against the Japanese Yen. The currency pair tested the weekly support level at 109.19 during Monday's trading session.
The 200– hour simple moving average pressured the GBP/USD currency pair on Monday. As a result, the Pound Sterling declined by 44 pips or 0.31% against the US Dollar.
On Monday, the common European currency declined by 28 pips or 0.24% against the US Dollar. The decline was stopped by the weekly pivot point at 1.1766 during Monday's trading session.
The yellow metal's price rose by 275 pips or 1.57% on Friday. The commodity breached the 200– hour simple moving average at 1769 during Friday's trading session.
Downside risks dominated the USD/JPY currency pair lower during Friday's trading session. As a result, the US Dollar fell by 91 pips or 0.83% against the Japanese Yen on Friday.