GBP/USD was located near the senior channel early on Thursday with slight upside potential.
The common European currency has not still gathered the necessary momentum to breach the 55-hour SMA.
Gold faces strong resistance near 1,315.00 today.
USD/JPY was testing the weekly R1 early today; in case this level remains intact, the pair is likely should target the 109.40 area.
The common European currency fell to a new five-month low early on Wednesday, thus testing a short-term trend-line.
GBP/USD was located near the senior channel early on Wednesday.
On Monday the yellow mental move past the 38.20 % Fibonacci retracement level at 1316.6.
The 55-hour SMA should continue guiding the pair in this session.
On Monday the USD/JPY exchange rate was guided mainly by the 55-hour simple moving average.
The Pound remained stable against the Greenback on Tuesday morning; upward momentum is expected today.
Following an unsuccessful test of the 100-hour SMA, the yellow metal is guided by bearish movement on Monday morning.
The pair continues to move in a short-term descending channel; this junior pattern, however, is unlikely to hold for long.
Bulls are likely to dominate the pair in this session following the massive plunge mid-Friday.
The Euro was pressured by the 55-hour SMA early on Monday which is likely to push EUR/USD lower.
The bullion on Friday continued to trade in the previously discovered channel down pattern.
On Friday the USD/JPY traded in the same range as on Thursday. This phenomena can be explained by
The pair likely to edge higher during the morning session, while being guided by the US GDP release later in the day.
GBP/USD is likely to be guided by fundamentals in this session.
The bullion remained near the previously described zone of 1,320 to 1,330 mark on Thursday.
On Thursday the USD/JPY rate had passed another resistance level. However,
The Sterling is likely to decline today due to a strong resistance cluster at 1.3970.
The Euro has fallen to a four-month low of 1.2165 this morning; thus, some recovery is likely today.
On Wednesday the yellow metal remained in the same range between 1,320 and 1,330 levels.
By the middle of Wednesday's trading the USD Dollar had been attempting to break a resistance near the 109.15 mark for the past two trading sessions.