USDJPY ends a four-day decline and rebounds from its lowest point in a month as traders start the US inflation week with mixed feelings.
Gold buyers are gearing up for potential weekly gains as the metal rebounds from a resistance-turned-support level.
The EURUSD pair has lost momentum after briefly recovering from the 21-EMA support level.
The GBPUSD currency pair is currently at its lowest point in over a week as traders wait for important data releases on Wednesday.
The USDJPY currency pair has fallen for the first time in five days after hitting a resistance level on a one-month-old chart pattern.
GBPJPY reached a one-month high but then pulled back from the 200-day moving average (SMA).
Gold prices are currently stable within a triangle pattern that's been forming for a week.
EURUSD pares its biggest daily loss in 11 weeks early Thursday, bouncing back from a key support level and the 50-EMA.
USDJPY has bounced back from a key support level that’s been in place for 13 months but remains in a short-term downtrend.
The GBPJPY currency pair is making gains as it moves within a two-week upward trend, showing renewed optimism early on Tuesday.
GBPUSD licks its wounds at the highest level since March 2022 as the overbought RSI line jostles with an upside break of the ascending resistance line.
Gold prices have ended a two-day drop as traders look ahead to the key Jackson Hole Symposium in Wyoming.
