EUR/USD

Trend Theme:EUR/USD looks at US NFP for extra gains.
Trend Review:EUR/USD managed to revisit the area near the provisional 100-day SMA around 1.0880 on the back of the continuation of the decline in the Greenback, all prior to the publication of the US labour market report at the end of the week.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.0865 * | 1.0893 ** | 1.0910 *** |
| 1.0848 | Support* | 1.0820 * | 1.0804 ** | 1.0776 *** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY drops to over two-week lows near 151.00 ahead of US NFP.
Trend Review:The Japanese Yen strengthened for the second straight day against the USD on Friday. The risk-off mood, along with intervention fears, boosts demand for the safe-haven JPY. The Fed rate-cut uncertainty undermines the USD and contributes to the USD/JPY’s fall.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 151.70 * | 152.06 ** | 152.35 *** |
| 151.41 | Support* | 151.05 * | 150.76 ** | 150.41 *** |
Weekly forecast:

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WTI

Trend Theme:The geopolitical situation continues to support oil prices, and Brent oil’s “six consecutive positive days” overcome the 90 mark.
Trend Review:Oil prices extended gains on Thursday, with settlement prices rising by more than $1, as geopolitical tensions and pressure to cut production overshadowed cautious expectations for a rate cut by the Federal Reserve. The settlement price of June Brent crude oil futures on Thursday rose by US$1.30, or 1.5%, to US$90.65 per barrel. The daily line recorded six consecutive positive days, and the intraday high hit US$91.30 per barrel, a new high since October 20..
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 87.34 * | 88.30 ** | 88.30 *** |
| 85.79 | Support* | 84.84 * | 83.28 ** | 82.33 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold trades on weaker note below $2,300 ahead of US NFP data.
Trend Review:Gold edges lower to $2,285 during the early Asian session on Friday after reaching another fresh record high above $2,300 in the previous session. The ongoing geopolitical risks in the Middle East and the expectation of monetary policy easing from the Fed might lift the yellow metal.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2304.43 * | 2317.86 ** | 2330.04 *** |
| 2292.25 | Support* | 2278.82 * | 2266.64 ** | 2253.21 *** |
Weekly forecast:

