GBP/USD
Trend Theme：GBP/USD rebounds to 1.2750 area on renewed USD weakness.
Trend Review：GBP/USD advanced to a fresh daily high above 1.2750 in the American session on Monday. The bullish opening in Wall Street makes it difficult for the US Dollar to preserve its strength and helps the pair stretch higher ahead of this week’s key data releases.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.2788 * | 1.2825 ** | 1.2882 *** |
| 1.2731 | Support* | 1.2695 * | 1.2637 ** | 1.2601 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY drops back below 144.00 after softer Tokyo inflation data.
Trend Review：USD/JPY is seeing a fresh selling wave, dropping back below 144.00, as the Japanese Yen regains upside traction following the softer Tokyo inflation data. Japan’s inflation data reinforces hawkish BoJ expectations and widens the BoJ-Fed policy divergence.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 144.83 * | 145.51 ** | 146.09 *** |
| 144.25 | Support* | 143.58 * | 142.99 ** | 142.32 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices tumbled more than 3 percent to back above the 70 mark after Saudi Arabia’s price cut added to concerns about demand.
Trend Review：Crude oil settled down more than 3% on Monday as sharp price cuts by top exporter Saudi Arabia and an increase in OPEC production offset supply concerns amid escalating geopolitical tensions in the Middle East.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 73.33 * | 75.53 ** | 77.09 *** |
| 71.77 | Support* | 69.57 * | 68.01 ** | 65.81 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold recovers some lost ground below the mid-$2,000s.
Trend Review：Gold price recovers some lost ground below the mid-$2,000s during the early Asian session on Tuesday. The possibility that the US Federal Reserve (Fed) might extend its restrictive stance for longer might exert some selling pressure on the yellow metal in the near term.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2043.62 * | 2060.01 ** | 2073.35 *** |
| 2030.28 | Support* | 2013.89 * | 2000.55 ** | 1984.16 *** |
Weekly forecast：
