GBP/USD

Trend Theme:GBP/USD struggles to capitalize on overnight bounce from weekly low, remains below 1.2300.
Trend Review:The GBP/USD pair stalls the overnight modest bounce from the 1.2240 area or the weekly low near the 100-hour SMA and oscillates in a narrow trading band during the Asian session on Thursday. Spot prices trade around the 1.2280 region, nearly unchanged for the day.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.2313 * | 1.2338 ** | 1.2374 *** |
| 1.2278 | Support* | 1.2253 * | 1.2217 ** | 1.2192 *** |
Weekly forecast:
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USD/JPY

Trend Theme:USD/JPY falls from 151.00 on weaker USD, hawkish BoJ’s Summary of Opinions.
Trend Review:USD/JPY is retreating from the 151.00 level in Asian trading on Thursday, undermined by renewed weakness in the US Dollar alongside the US Treasury bond yields. Hawkish BoJ’s Summary of Opinions lends some support to the Japanese Yen. Fed’s Powell awaited.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 151.26 * | 151.53 ** | 151.99 *** |
| 150.80 | Support* | 150.53 * | 150.07 ** | 149.80 *** |
Weekly forecast:

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WTI

Trend Theme:Demand concerns continue to rise, and oil prices continue to fall by more than 2%, setting a new low in more than three and a half months..
Trend Review:Oil prices fell more than 2% on Wednesday to their lowest level in more than three months on concerns about weakening demand for crude oil across the world.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 77.03 * | 78.50 ** | 79.54 *** |
| 75.99 | Support* | 74.52 * | 73.48 ** | 72.01 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold holds ground above $1,950 amid downbeat China CPI.
Trend Review:Gold price maintains its position above $1,950, attempting to halt the losses during the Asian session on Thursday. The precious metal is experiencing a negative tone, potentially influenced by US Federal Reserve (Fed) officials resisting the notion of reducing interest rates.
Today Advise:Neture
Key Levels:
| PP | Resistance* | 1964.73 * | 1979.69 ** | 1988.31 *** |
| 1956.11 | Support* | 1941.15 * | 1932.53 ** | 1917.57 *** |
Weekly forecast:

