technical

USD/MXN is trying to bounce, but the broader downtrend remains intact, with 17.50–17.60 seen as a key zone to re-enter short positions.

The EUR/USD pair closed a third consecutive week with gains near a fresh peak in the 1.1840 area, reaching its highest since late February. A largely empty macroeconomic calendar kept the focus on Middle East developments, with risk-on taking over at the end of the week.

The Pound Sterling (GBP) built on the recovery against the US Dollar (USD) and refreshed two-month highs near 1.3600, but sellers quickly jumped in. Despite the late pullback, GBP/USD booked the second straight weekly gain, thanks to another leg higher heading into the weekend.

Gold (XAU/USD) started the week on the back foot but managed to reverse its direction.

Gold is drifting around its 50-day EMA as traders watch the US 10-year yield near 4.30%, with $4,600 as key support and $5,000 as the next major upside level.

GBP/JPY is pressing the key 216 level, where a breakout could trigger a stronger bullish move toward 220 as carry trade dynamics continue to favor the pound.