Forex Technical Analysis

Price is holding above the rising 50-period average with higher lows since the February base. Momentum stays constructive while 1.0845 holds; a close above 1.0980 opens the 1.1040 swing high.

Sterling broke the descending trendline from January and is retesting it as support. RSI near 58 leaves room to run before the 1.2810 supply zone.

The pair is compressing under intervention risk. Rallies into 158.40 keep getting sold while dip buyers defend 155.80 — stand aside until the range resolves.

Gold continues to grind higher on falling real yields and steady official-sector demand. Pullbacks toward 2,368 have been shallow, keeping the uptrend intact.