GBP/USD
Trend Theme：GBP/USD holds steady around 1.2500 mark ahead of UK employment details.
Trend Review：The GBP/USD pair extends the previous day’s late pullback from the vicinity of mid-1.2500s and ticks lower during the Asian session on Tuesday. Spot prices trade around the 1.2500 psychological mark and remain well within the striking distance of a three-month low touched last week.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.2550 * | 1.2591 ** | 1.2633 *** |
| 1.2508 | Support* | 1.2468 * | 1.2426 ** | 1.2386 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY treads waters to snap the recent losses.
Trend Review：USD/JPY struggles to recover from the previous day’s losses ahead of the release of the US Consumer Price Index (CPI), treading waters around 146.60 during the Asian session on Tuesday. The pair experienced downward pressure due to the bullish comments from the Bank of Japan (BoJ) in addition to the lackluster performance of the US Dollar (USD).
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 147.65 * | 148.71 ** | 149.58 *** |
| 146.78 | Support* | 145.71 * | 144.84 ** | 143.78 *** |
Weekly forecast：
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WTI
Trend Theme：Supply cuts and Chinese economic data supported oil prices, with a focus on OPEC’s monthly report.
Trend Review：Saudi Arabia and India stressed the importance of ensuring the security of global energy supplies, while stressing the need to support the stability of global oil markets. According to a joint statement, Saudi Arabia stressed its commitment to being a reliable partner and source of crude oil supply to India. However, analysts at ANZ said in a note: “Concerns about growth in the surging powers have weighed on sentiment across commodities.”
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 87.55 * | 88.27 ** | 88.93 *** |
| 86.89 | Support* | 86.16 * | 85.51 ** | 84.78 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold confined within two key averages, awaits US CPI for fresh direction.
Trend Review：Gold price is treading water while defending the critical 200-DMA at $1,920 during early Tuesday dealings. XAU/USD price is losing the upside traction, as the United States Dollar (USD) finds its feet amid a negative shift in risk sentiment and the buoyant tone seen around the US Treasury bond yields.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1929.91 * | 1937.41 ** | 1944.04 *** |
| 1923.28 | Support* | 1915.78 * | 1909.15 ** | 1901.65 *** |
Weekly forecast：
