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The US dollar returned some of its recent wins as traders continue to price in downbeat expectations for the upcoming NFP release.
USDJPY is testing the top of the range forming on its 4-hour time frame, indicating that a move lower is likely.
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Most dollar pairs were stuck in consolidation at the start of the week, as most traders were still off on a May Day holiday and there were no major reports printed.
On its daily time frame, GBPJPY has formed lower highs and found support at the 176.00 major psychological level.
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The US dollar managed to make a bit of a recovery on Friday, despite weaker than expected data from the economy.
AUDUSD previously broke past the resistance at the .7850 minor psychological level and climbed close to the .8100 major psychological level.
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The US dollar was finally able to make a bit of recovery against its forex counterparts, even though economic data came in mixed.
GBPUSD is forming an uptrend on its 1-hour forex chart, as the recent lows can be connected by an ascending trend line.
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The US dollar had a volatile New York trading session, thanks to the mixed signals from the FOMC statement.
CADJPY has been steadily climbing on its 1-hour forex chart, reflecting a short-term uptrend for the pair.