Ascending Channel

GBP/USD remains supported after UK inflation rose as expected and the US dollar extended its softer tone. Technical traders are watching whether an ascending channel can carry the pair toward resistance at 1.3653.

Platinum futures are testing the upper end of a major bearish gap after breaking out of consolidation, while copper has pulled back after reaching a Fibonacci extension target. Daily closes remain the key signal for whether buyers can extend momentum or whether deeper corrections begin.

The dollar is pressing against channel resistance, while platinum remains defined by its nearby support level. Palladium is under closer pressure after another failed attempt to clear resistance, with traders watching whether channel support gives way.

Zcash extended its decline to around $510, leaving the privacy coin vulnerable after losing momentum from a recent local high near $590. Technical traders are watching a triangle breakdown, weakened moving average structure, and an ascending channel pullback that could put sub $500 levels in focus.

GBP/USD is trading within reach of the 1.3500 region, a level market participants are treating as a potential medium-term pivot rather than confirmed resistance. The pair’s bullish channel is showing strain, while US CPI and support around 1.3375 to 1.3350 could decide whether momentum extends or fades.

XRP remains pinned in a narrow range as buyers continue to defend the $1.00 to $1.05 support zone. Technical traders are watching whether resistance near $1.088 to $1.091 and the larger $1.20 to $1.25 area can give way before longer-term breakout targets come back into focus.