On Monday morning the US Dollar surged against the Japanese Yen, as the currency exchange rate
The following hours are likely to demonstrate which direction is to prevail in this session.
A strong support cluster that should limited EUR/USD is located near 1.1920.
The yellow metal strengthened against the US Dollar for the second consecutive trading session.
The US Dollar continues to maintain it ascending channel against the Japanese Yen.
Given the strong resistance of the 200-hour SMA, the Sterling should not exceed the 1.3580 mark today .
EUR/USD is likely to remain bounded by the 55- and 200-hour SMAs today.
Fundamental events should guide the GBP/USD exchange rate today.
Technical indicators signal to bullish momentum today.
The XAU/USD pair has been fluctuating between the upper and lower boundaries of a descending channel.
The USD/JPY currency pair has breached the upper boundary of a junior ascending channel during the early hours of Wednesday's session.
The Pound fails to overcome the 100-hour SMA once again.
The 55- and 100-hour SMAs near 1.1920 likely to pressure the rate lower.
Gold's three-day surge against the Greenback was stopped by the 200- hour simple moving average on Monday.
The USD/JPY currency pair was unable to surpass a resistance cluster formed by the combination of the 100- and the 200- hour SMAs at 109.32 on Monday.
The 100-hour SMA could pressure the rate lower today.
A breakout of the 55- and 100-hour SMAs is likely to be followed by a surge up to 1.20.
The yellow metal has broken the previously drawn pattern.
The recent decline of the Greenback against the Japanese Yen is still being seen as a temporary junior move in the borders of a larger dominant ascending channel.
The yellow metal failed to pass the last resistance, which it faced on Thursday,
The decline of the US Dollar continued on Friday against the Japanese Yen. However,
The Pound continued to decline on Friday against the US Dollar, as the rate reached new low levels.
Even the 55-hour SMA was breached late on Thursday, the currency exchange rate had retreated back to the 1.1960 mark by the middle of the day.
The yellow metal faced the same resistance levels near the 1,315.00 mark. However,