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In the upcoming trading sessions on Tuesday and Wednesday, the metal was expected to trade sideways or surge.
The USD/JPY has continued to trade in the range between the 106.80 and 107.00 levels. In theory, any sideways trading ends. It can end by surging or declining.
In the near term future, the rate is expected to once again make an attempt to pass the support of the monthly simple pivot point at 1.2346.
During early Monday's GMT trading hours, the EUR/USD currency exchange rate bounced off the support of the lower trend line of a descending pattern. It resulted in a surge, which by the middle of the day's trading had reached above 1.1220.
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