GBP/USD is trading near the middle of its 1.3250–1.35 range, with the 200-day EMA marking fair value as short-term traders continue to play the chop.

The Pound Sterling (GBP) showed some resilience against the US Dollar (USD), holding gains from the previous week’s recovery, when the Bank of England (BoE) opted for a hawkish hold.

Gold (XAU/USD) fell sharply to near the $4,100 mark but managed to reverse its direction as markets grew hopeful for a truce in the Middle East.

Bitcoin is struggling to break above $72,000 as higher rates and soft risk sentiment cap gains, while $64,000 and $60,000 remain the key downside levels.

USD/CHF remains biased higher as interest rate differentials support the dollar, with traders buying dips and watching 0.80 as the next major resistance level.

Silver is struggling around the $70 level as higher interest rates and geopolitical headlines keep pressure on the metal and limit upside momentum.