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.
The resistance to the USD/JPY held its ground on Monday as expected. As a result of the event the rate declined down to the 109.80 mark.
The GBP/USD has increased its gains more than expected, as on Tuesday the pair even touched the 1.2850 mark.
On Tuesday morning the EUR/USD pair was surging, as the break out, which was speculated on Monday had occurred.
On Friday a breakout to the upside occurred on the yellow metal's charts. The action did not stop on Monday.
On Monday morning the USD/JPY rate was stuck below a strong resistance cluster. Moreover, it had no support, which indicated that the rate was set to decline..
On Monday morning the GBP/USD rate fought with the resistance of a weekly and a monthly pivot points.
On Monday morning the surge of the EUR/USD was stopped by the resistance of the 200-hour simple moving average.
On Friday, gold prices remained at the same level. Although, the price was struggling with a combined resistance level at the 1,180. mark.
The USD/JPY pair retreated on Friday. However, the pair remained in the range of the previous trading session.
During the first half of Friday's trading the GBP/USD pair continued to struggle with the resistance located at the 1.2740 mark.
On Friday morning the common European currency continued its slight recovery against the US Dollar.
Gold prices have booked a new low level. However, after the reaching of the low level the bullion began to regain some of the losses on Thursday.
On Thursday morning the USD/JPY currency exchange rate traded just below a strong resistance cluster, which was located at the 111.00 mark.
On Thursday morning, the Pound made a short lived attempt to surge against the US Dollar.