On Tuesday the GBP/USD pair experienced the strongest rally in almost 20 years, amid UK May's comments and upbeat UK inflation data.
The Euro declined on Wednesday morning against the US Dollar, and it could be clearly seen that the currency exchange rate is set to continue the decline.
With risk-aversion driving the markets yesterday, the USD/JPY currency pair ignored the immediate demand cluster and dropped below the 113.00 mark.
By mid-day on Tuesday the Kiwi had gained almost 100 pips against the US Dollar, as the currency exchange rate broke through all resistance levels, which could have stopped it.
During the first half of Tuesday's trading session the US Dollar had lost 160 pips against the Canadian Dollar.
The Aussie barely changed over the day, having inched just four pips lower.
A bearish development on Monday caused the EUR/JPY currency pair to break out from its five-week consolidation trend.
As predicted, the yellow metal trades above the 1,210 mark on Tuesday morning. However, after the drastic surge it is most likely that the bullion's price will slightly retreat, as some will take out profits.
For the sixth consecutive day yesterday the US Dollar weakened against the Japanese Yen, however, retaining its position above the 114.00 level.
As was anticipated, the British Pound partially recovered from the bearish gap yesterday, but with the 1.21 level still remaining intact.
The common European currency, as forecasted, found support in the monthly PP at 1.0580 against the US Dollar during Monday's trading session.
The New Zealand Dollar was almost unchanged against the US Dollar by mid-day on Monday.
The US Dollar remained unchanged against the Canadian Dollar by the middle of Monday's trading session.
Even though the Australian Dollar edged higher on Friday, the 0.75 major level, where the 100-day SMA coincides with the 200-day one, successfully limited the gains.
As was anticipated, the EUR/JPY cross failed to climb over the monthly pivot point on Friday, but, nonetheless, still managed to end the day in the green zone.
On Monday morning the yellow metal was in its sixth consecutive trading session of gains, as the metal traded near the 1,205 mark and was set to score even more gains.
On Friday the US Dollar continued to weaken against the Japanese Yen, following its two-week bearish trend, however, losses were insignificant.
Although the British currency managed to edge higher against the US Dollar on Friday, it still failed to maintain trade above the 1.22 level.
As forecasted before, the common European currency has begun a retreat against the US Dollar, as on Monday morning the currency exchange rate was near the 1.06 level.
The Kiwi continued to score gains against the US Dollar during the first half of Friday's trading session.
During the first half of Friday's trading session the USD/CAD currency exchange rate was squeezed in between various levels of significance near the 1.3130 mark.
The Aussie's positive development yesterday somewhat caused the ascending channel's resistance line to be breached, but the 100 and the 200-day SMAs managed to contain the rally.
The Euro weakened against the Japanese Yen for the fourth day in a row yesterday, but with the consolidation trend remaining intact.
The US Dollar weakened against the Japanese Yen for the fourth consecutive day yesterday, as the immediate support lacked the strength to limit the losses.