EUR/USD

Trend Theme:EUR/USD holds below the 1.0800 mark ahead of German CPI data.
Trend Review:EUR/USD trades on a weaker note, around 1.0775, during the early Asian session on Friday. The major pair remains capped within the weekly range in the 1.0770/80 band. The German inflation data will be the highlight on Friday.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 1.0797 * | 1.0817 ** | 1.0844 *** |
| 1.0769 | Support* | 1.0750 * | 1.0722 ** | 1.0703 *** |
Weekly forecast:

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USD/JPY

Trend Theme:Japanese Yen fresh highs above 149.00 on dovish BoJ.
Trend Review:The Japanese Yen loses traction after BoJ Deputy Governor Uchida’s remarks. A positive risk tone further undermines the JPY and lends support to USD/JPY. The uncertain Fed rate cut path weighs on the USD and should cap the upside.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 149.88 * | 150.45 ** | 151.43 *** |
| 148.91 | Support* | 148.33 * | 147.36 ** | 146.79 *** |
Weekly forecast:

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WTI

Trend Theme:Gaza ceasefire proposal rejected, oil prices surged 3% to a one-week high.
Trend Review:Oil prices rose more than 3% on Thursday, with U.S. crude reaching a peak of $76.57 per barrel, a new one-week high, as the market worried that conflicts in the Middle East would expand after Israel rejected Hamas’s ceasefire proposal.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 77.36 * | 78.34 ** | 80.20 *** |
| 75.50 | Support* | 74.53 * | 72.66 ** | 71.69 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold remains confined around $2,030 amid firmer USD, geopolitical tensions.
Trend Review:Gold price consolidates in a narrow trading band around $2035 region per troy ounce during the early Asian trading hours on Friday. Meanwhile, the US Dollar Index recovers above the 104.00 mark.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2041.09 * | 2049.14 ** | 2059.56 *** |
| 2030.67 | Support* | 2022.62 * | 2012.20 ** | 2004.15 *** |
Weekly forecast:

