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Sign InGlobal financial markets have transitioned into a consolidation phase following the US-Iran ceasefire agreement, with GBP/USD topping the 1.3400 level on cautious optimism. Meanwhile, EUR/USD is encountering significant technical resistance at the confluence of its 100 and 200-day moving averages between 1.1672 and 1.1685. The USD/JPY pair showed signs of stabilization, rising toward 159.00 after touching an overnight low of 158.00. In equity markets, major European indices saw a minor pullback, with the DAX retreating over 1% following a substantial 5% gain in the previous session. This shift indicates that the initial relief rally is now facing technical testing as traders await further geopolitical clarity. Market participants remain focused on key support and resistance levels while monitoring the durability of the diplomatic truce.