GBP/USD
Trend Theme：GBP/USD extends its downside above the mid-1.2500s, US Jobless Claims data eyed.
Trend Review：The GBP/USD extends its downside above the mid-1.2500s during the early Asian trading hours on Thursday. The downtick of the pair is backed by the firmer US Dollar broadly. In the absence of economic data released from the UK docket later this week, the pair remains at the mercy of USD price dynamics.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.2596 * | 1.2636 ** | 1.2658 *** |
| 1.2574 | Support* | 1.2534 * | 1.2512 ** | 1.2472 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY: Japanese Yen recovers a major part of its weekly losses against US Dollar.
Trend Review：The Japanese Yen benefits from a softer risk tone amid worries about a global economic downturn. Bulls seem unaffected and largely shrug off BoJ Governor Kazuo Ueda’s dovish remarks on Thursday. A subdued US Dollar price action contributes to the USD/JPY pair’s failure near the 100-day SMA.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 147.62 * | 147.86 ** | 148.22 *** |
| 147.26 | Support* | 147.01 * | 146.65 ** | 146.41 *** |
Weekly forecast：
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WTI
Trend Theme：A flood of US exports added to the gloom, and oil prices fell for the fifth straight time to a five-month low.
Trend Review：Heavy U.S. exports and doubts about OPEC+ ‘s ability to deliver on planned production cuts have stoked oversupply concerns, sending oil prices down for a fifth straight session to their lowest levels since early July.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 71.72 * | 73.97 ** | 75.18 *** |
| 70.51 | Support* | 68.27 * | 67.06 ** | 64.81 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold upside appears limited ahead of Friday’s US Nonfarm Payrolls.
Trend Review：Gold price is holding the previous recovery above $2,020 early Wednesday, as sentiment remains weak and the United States Dollar takes a breather from a three-day uptrend. The focus shifts to the US weekly Jobless Claims data on Thursday, as Gold traders gear up for Friday’s all-important NFP release.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2035.91 * | 2045.20 ** | 2054.49 *** |
| 2026.62 | Support* | 2017.33 * | 2008.04 ** | 1998.75 *** |
Weekly forecast：
