Fundamental

Natural gas remains weak despite Thursday’s small bounce, with seasonal demand staying soft and rallies toward $3.00 still viewed as selling opportunities.

EUR/USD was rejected at the 1.18 resistance zone, with rising US yields increasing the odds of a pullback toward 1.17 or the 50-day EMA.

USD/JPY continues to favor dip-buying, with 158 acting as near-term support and 160.50 remaining the critical breakout level for a much larger bullish move.

Polkadot has rebounded sharply from $1.16, but DOT must clear the $1.28–$1.30 resistance zone to confirm that the recovery is turning into a stronger bullish move.

The USD/JPY pair builds on the previous day’s goodish rebound from the 158.25 region, or over a one-week trough, and gains some follow-through positive traction on Friday.

Gold is extending its range play below $4,800 early Friday, having failed to sustain above that level for the third consecutive day. Traders stay cautious, awaiting clarity on the next step in the US-Iran peace talks as the bullion heads for the fourth straight weekly gain.