The EUR/USD has bounced up to trade above the 1.13 mark.
The 1,200 level was reached, as it was already stated on Monday.
On Tuesday, the USD/JPY traded near the previous day's levels after touching a new low level at 113.60 mark.
During the last 24 hours GBP/USD has surged. It is expected that the rate will test resistance levels at 1.2920.
As the EUR/USD extended its decline on Monday, the currency exchange rate reached the 1.1215 level and broke a large scale descending pattern.
By looking at the daily chart it can be observed that the commodity price is set to reach the 1,200 mark.
After reaching a new high level at 114.20 the USD/JPY has retreated downwards to look for technical support levels.
The GBP/USD has plummeted downwards faster than it was previously expected.
The EUR/USD has passed below the 1.1300 mark.
Gold continues to decline. Meanwhile, note that the chart has been redrawn.
The USD/JPY has paused the surge. Namely, it retraced back downwards to meet with a support level.
The GBP/USD is declining on Friday. Moreover, it has no technical support as low as the 1.2975 mark.
Note that the hourly chart of EUR/USD has been updated.
Gold prices have retreated down to the 1,220 level.
On Thursday the USD/JPY was approaching the high levels of the volatility range that was achieved during the US Congressional election announcement.
On Thursday, the Pound had retreated to levels below the 1.3100 mark by the middle of the London session.
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.