FTSE 100 Prepares for Rise, Pound Falls While Iran Talks Remain Focus

The FTSE 100 is trading above its 20- and 50-day moving averages and has strongly breached its MACD signal, supporting a short-term bullish trend. The RSI is at 63.5, not in overbought territory, leaving ample room for further recovery. Sterling's weakness due to Iran negotiations may keep UK markets under pressure in the near term, but overall technical indicators point upward. The FTSE 100 is expected to continue with a slight increase over the next 1-3 days. However, geopolitical uncertainties and currency movements remain risk factors.