FxAnalysis

Silver remains trapped in a choppy range, with $90 as near-term resistance, $80 as key support, and a longer-term bullish bias still intact above $70.

CAD/JPY continues to favor the upside, with oil strength supporting the Canadian dollar and 115.50 acting as key support for a move toward 118.

USD/CAD rallied as broader risk-off flows outweighed oil strength, keeping the pair in its familiar 1.35 to 1.3750 consolidation range.

GBP/USD remains trapped in a volatile 1.3250–1.35 range, with downside pressure building below the 200-day EMA but no decisive breakdown yet.

The GBP/USD pair attracts heavy selling during the first half of the European session on Friday and dives back closer to mid-1.3200s, or the year-to-date low touched last week, in reaction to the disappointing UK macro data.

EUR/USD stays under bearish pressure after posting losses for three consecutive days and trades at its lowest level since August below 1.1500. The technical outlook points to oversold conditions but sellers could refrain from betting on a steady rebound in the near term.