In case the bearish sentiment takes over the market, the strong support of the 55-, 100- and 200-hour SMAs and the weekly PP is likely to stop a fall below 1.4050.
The common European currency has returned at the breached senior channel; more likely to move south.
The price movement for the XAU/USD pair has been pressured by the 55- and 100- hour SMAs.
Strong bullish momentum continues to be dominating the USD/JPY currency pair.
The Pound is likely to edge higher to test the 1.4050 level.
An advance above the 1.2280 mark is restricted by 55- and 100-hour SMAs.
Gold surrendered it gains during the second part of Wednesday's trading session.
The USD/JPY currency exchange rate continues to push higher as it reaches a three-week high.
The common European currency remains pressured from above by the 55- and 100-hour SMAs near 1.23.
GBP/USD has not left the 1.4020/1.4100 range for the fifth consecutive session.
Gold continued to strengthen against the US Dollar.
The US Dollar ended the Tuesday's trading session with strong bullish momentum against the Japanese Yen.
The Pound continues to move in a narrow range between the 55-, 100- and 200-hour SMAs.
The Pound continues to move in a narrow range between the 55-, 100- and 200-hour SMAs.
A strong bullish sentiment pushes gold higher against the US Dollar on Monday.
By the end of Monday's trading session, the US Dollar extended it decline against the Japanese Yen. As a result, the pair breached the 200-hour simple moving average
The pair continues to move along the senior channel; upside is restricted by the 200-hour SMA near 1.2352.
The Sterling breaches the 100-hour SMA early on Tuesday, thus adding some bullish sentiment to the market.
The yellow mental continues to fall lower against the US Dollar.
The pair remains stranded between the senior channel and the combined resistance of the 100- and 200-hour moving averages.
The Sterling is likely to breach short-term channel today that result in a surge up to the 1.41 mark.
The Easter Holiday was spent with mainly low volatility and narrow movement for the US Dollar against the Japanese Yen.
Following a reversal from the two-week high of 107.00 late on Wednesday, the US Dollar began weakening against the Yen once again.
Movement potential is apparent in both directions; however, it is more likely that the Pound tries to test the 1.41 level.