The Tuesday morning forecast fulfilled itself only on Wednesday morning, as the US Dollar attempted to score additional gains during the second half of Tuesday's trading.
The resistance encountered at 111.80, namely the monthly PP, was too tough for the USD/JPY pair to bare, resulting in the breach of the recently-acquired up-trend.
Severe bearish momentum on Tuesday caused the GBP/USD currency pair to pierce the ascending channel's support line, with the support around 1.2624 limiting the losses.
As it was expected the common European currency continued its decline against the US Dollar in the previous 24 hours.
Monday's trading session was marked by a fall of the Kiwi against the US Dollar.
USD/CAD had made three attempts to return back into the medium-term ascending channel until mid-Thursday.
Monday's depreciation of the Aussie was stopped when the currency rate bounced off from a combined support set up by the bottom trend-line of the ascending channel and the weekly PP at 0.7594.
After bouncing off from a support level formed by the monthly PP at 123.89, EUR/JPY broke successfully through the upper boundary of an ascending channel near the 124.39 mark.
On the hourly charts, which are drawn by the Dukascopy analysts, it can be observed that the weekly S1 at 1,243.59 has done its job in providing support to the yellow metal's price.
As was anticipated, the US Dollar was able to outperform the Japanese Yen on Monday. Further gains could be limited by the 111.80 level, namely the monthly PP, which could result in the recently acquired up-trend to be broken.
Monday did not favour the Pound, as the Cable once again fell under the monthly S1. However, support was found near 1.2725, namely the ascending channel's support line.
On Tuesday morning various additional pieces of information were spotted on the hourly chart for the EUR/USD currency pair.
The New Zealand Dollar started the week by making a jump against the US Dollar.
The Greenback remained below the 1.3250 mark against the Canadian Dollar.
The upside momentum that guided AUD/USD on Friday morning stalled mid-session, resulting in weak volatility.
After testing the upper channel boundary mid-Friday, EUR/JPY returned near the 20-hour SMA and followed the given line up to the 124.40 mark.
The bullion is set to fall below the 1,245 mark at some time during Monday's trading session.
Even though the USD/JPY currency pair remained relatively unchanged on Friday, the bullish momentum seems to be intact.
The British currency traded flat against the US Dollar on Friday, due to the absence of market movers.
The decline of the common European currency against the US Dollar continued on Monday.
The New Zealand Dollar has managed to find support against the US Dollar, and it is almost clear where it is going to end the Friday's trading session.
The US Dollar is in a retreat against the Canadian Dollar on Friday.
AUD/USD has been confined in a channel up pattern for the last two weeks, providing the second upper confirmation mid-Wednesday.
EUR/JPY has gained strong upside momentum, forming a full wave up in a channel down pattern.