FxAnalysis

GBP/CHF remains supported by a favorable interest rate differential, with 1.0650 as the key breakout level and 1.05 as the main support zone.

AUD/JPY remains bullish as carry trade demand and RBA strength support the pair, with 114.50 as the key breakout level and 112 as major support.

USD/JPY remains capped near 160, but the broader bias still favors buying dips while 158 support holds and yield differentials favor the dollar.

Gold continues to move with US yields, but as long as $4,600 support holds, dip-buying remains favored within a volatile $4,600–$4,900 range.

EUR/USD is stabilizing at the 50-day EMA, but strong resistance near 1.18 and ongoing rate and energy pressures keep the pair rangebound.

The GBP/USD pair edges higher during the first half of the European session on Friday and recovers a part of the previous day’s losses to levels just below mid-1.3400s, or a nearly two-week trough.