Analyzes

USD/JPY is holding near a major ceiling around 160, with 158 acting as support and a break above 160.40 potentially opening a much bigger upside move.

EUR/USD is stuck in a tight 1.15–1.16 range, with sellers fading rallies near resistance as interest rate differentials and safety flows keep pressure on the euro.

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.