GBP/USD
Trend Theme：GBP/USD extends its downside below 1.2750, US data eyed.
Trend Review：GBP/USD extends its downside around the mid-1.2700s during the early Asian trading hours on Friday. The major pair drops to multi-day lows near 1.2740 amid the rebound in the Greenback after strong US economic data. Later in the day, traders will monitor the preliminary US Michigan Consumer Sentiment for March, which is expected to remain steady at 76.9.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.2808 * | 1.2861 ** | 1.2900 *** |
| 1.2769 | Support* | 1.2715 * | 1.2677 ** | 1.2623 *** |
Weekly forecast：
————————————————————————————————-
USD/JPY
Trend Theme：USD/JPY advances to mid-148.00s amid divergent BoJ-Fed policy expectations.
Trend Review：USD/JPY climbs to over a one-week high during the Asian session on Friday. The uncertainty over the Bank of Japan’s policy stance, along with expectations that the Fed will stick to its higher-for-longer narrative in the wake of still-sticky inflation, turn out to be key factors lending support to the pair.
Today Advise：Neutral
Key Levels：
| PP | Resistance* | 148.65 * | 148.97 ** | 149.58 *** |
| 148.04 | Support* | 147.72 * | 147.11 ** | 146.80 *** |
Weekly forecast：
—————————————————————————————————
WTI
Trend Theme：Oil prices hit a more than four-month high as the IEA raised its demand forecast in its monthly report.
Trend Review：Oil prices extended gains on Thursday to fresh more than four-month highs as the International Energy Agency (IEA) forecast tighter markets in 2024 and raised its view on oil demand growth this year.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 81.33 * | 82.13 ** | 83.20 *** |
| 80.25 | Support* | 79.45 * | 78.38 ** | 77.58 *** |
Weekly forecast：
—————————————————————————————————
XAU/USD
Trend Theme：Gold price consolidates and prints weekly losses after US inflation data.
Trend Review：Gold prices trimmed some of their Wednesday gains on Thursday after traders began to price in a less “dovish” Federal Reserve following a hotter-than-expected PPI report. Consequently, US Treasury bond yields rose, underpinning the US Dollar. XAU/USD exchanges hands at around $2,160.00.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2174.94 * | 2188.12 ** | 2199.19 *** |
| 2163.87 | Support* | 2150.69 * | 2126.44 ** | 2110.64 *** |
Weekly forecast：
