USD/JPY started potential retrace into 113.20

EUR/USD is trading near 1.2150 in Asia, representing a more than 1.5% gain for the week. While the pair ticked higher for the third straight day on Thursday, it created a candle with a long upper wick validating the above-70 or overbought signal on the 14-day RSI.

USD/JPY trapped between daily support and resistance against bearish backdrop. Yen is under pressure across the longer-term time frames and is trending within a weekly channel to the downside.

Brexit nerves have triggered a drop from year-to-date highs reached on Thursday of 1.3500. The pair still closed Thursday FX trade with gains of over 80 pips or 0.6%. Talks apparently went badly on Thursday, with level playing field issues reportedly causing problems.

Gold prices ease from $1,842.36 as risk-on dwindles. The yellow metal rose to the nine-day high the previous day as the US dollar weakness, coupled with the market optimism, favored the bulls.

WTI wavers near the upper end of one-week-old bullish flag. The black gold remains positive on a daily basis while taking rounds to the November month’s high, also the highest since March. Risk-on mood, US dollar weakness favor the commodities, US employment data awaited.