As long as 0.6010 is not breached, the New Zealand Dollar (NZD) could dip below 0.5970 before stabilisation is likely.

The EUR/JPY cross opens with a modest bullish gap on Monday and touches a three-month top during the Asian session, albeit it struggles to capitalize on the move beyond the 166.00 mark.

The GBP/USD pair extends the decline to around 1.2945 during the early European session on Monday.

US Dollar (USD) rose, alongside the rise in UST yields. Dollar Index (DXY) was last at 104.26 levels.

The Pound Sterling (GBP) is expected to trade sideways between 1.2930 and 1.2990.

GBP/JPY opens a price gap after the open on Monday as it rallies higher following a breakout move from a Right-Angle Triangle pattern last week.

EUR/CAD appears to be extending the final “c wave” of an abc “zig-zag” price pattern within the confines of a multi-month range (see chart below).

The Pound Sterling (GBP) remained at its lowest level in over two months versus the US Dollar (USD), leaving the GBP/USD vulnerable below the 1.3000 threshold.

The GBP/USD pair kicks off the new week on a softer note and trades around the 1.2960-1.2955 region, just below the 100-day Simple Moving Average (SMA) during the Asian session.