After touching the 1.1500 mark the EUR/USD had retreated down to technical levels near the 1.1410 mark.
On Wednesday, yellow metal prices traded above the support of three notable simple moving averages.
The USD/JPY increased its volatility during the announcement of the US election results.
The surge of the GBP/USD has continued due to both technical and fundamental reasons.
As the Democrats won dominance in the US House of Representatives in the yesterday's Congressional elections, the US Dollar lost value.
On Tuesday, Gold prices had passed the resistance of the 55-hour simple moving average.
Prior to the US elections the USD/JPY declined.
The 55-hour simple moving average has been pushing the GBP/USD higher and higher each consecutive day.
The rate did not decline on Monday, as it was expected.
Gold prices on Monday remained near the 1,230.00 level.
The USD/JPY currency rate is continuing a surge in the borders of an ascending pattern. It faces no resistance as high as the 113.80 level.
The GBP/USD has started the week's trading with a gap upwards.
On Monday, the EUR/USD traded near various technical levels of significance near the 1.1380 mark.
The yellow metal's price has remained largely unchanged in the last twenty four hours.
On Friday, prior to the US Employment data set announcement the USD/JPY traded near the 113.00 level
On Friday, GBP/USD traded above the 1.30 mark after the massive gains of Thursday.
The surge of the EUR/USD continued on Friday, as the metal was approaching resistance levels, which were located near the 1.1460 mark.
Before reaching the 1,210.00 mark, gold prices began a surge, which on Thursday had reached above the 1,230.00 level.
USD/JPY has retraced back down to the 112.70 mark, where a weekly pivot point and the 61.80% Fibonacci retracement level stopped the decline.
On Thursday the long awaited surge of the GBP/USD occurred.
On Thursday the EUR/USD bounced off the support levels near 1.1310.
The yellow metal on Wednesday was continuing its decline down to the 1,210.00 mark.
USD/JPY continues to surge on Wednesday. Moreover, the next resistance was only located at the 113.56, indicating that the surge will continue.
The GBP/USD reached and even passed the previously set target of 1.2710.