GBP/USD
Trend Theme：GBP/USD retreats from 1.2700 as investors brace for the US CPI release.
Trend Review：GBP/USD edged lower in the early American session but managed to hold above 1.2650. The negative shift seen in risk mood, as reflected by falling US stocks, makes it difficult for the pair to stretch higher.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.2709 * | 1.2739 ** | 1.2769 *** |
| 1.2679 | Support* | 1.2648 * | 1.2618 ** | 1.2588 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY pushes up to within touching distance of 152.000, analysts bullish.
Trend Review：USD/JPY rises up to within a hair’s breadth of 152.000 after comments from BoJ governor Ueda. His views suggest the BoJ is not in a hurry to raise interest rates, reducing the attractiveness of the Yen. Analysts are bullish USD/JPY despite the threat of intervention as US-Japan interest rates continue to diverge.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 151.95 * | 152.13 ** | 152.31 *** |
| 151.76 | Support* | 151.58 * | 151.40 ** | 151.22 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices fall for second straight session, eyes on Gaza ceasefire talks and EIA inventory data.
Trend Review：Oil prices fell for a second day on Tuesday as ceasefire talks in Gaza continued, but losses were limited to less than a dollar a barrel as Egyptian and Qatari mediators encountered resistance in their pursuit of a ceasefire. The latest API crude oil inventory report series showed that U.S. crude oil inventories increased by 3.03 million barrels last week, while gasoline inventories fell by 600,000 barrels, marking the seventh consecutive week of declines. Investors need to pay attention to the EIA crude oil inventory series reports released in the evening. From a technical perspective, oil prices have shown a top signal similar to an “evening star” at a relatively high level, and short-term oil prices are facing the risk of peaking.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 86.91 * | 87.87 ** | 89.25 *** |
| 85.53 | Support* | 84.57 * | 83.19 ** | 82.23 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price eases below $2,350, awaits US CPI for fresh impetus.
Trend Review：Gold price is retreating slightly below $2,350 in Wednesday’s Asian trades, having hit a new record high of $2,365 on Tuesday. Gold traders seem to take profits off the table after the relentless rise and ahead of the all-important US CPI inflation data release.
Today Advise：Sideways
Key Levels：
| PP | Resistance* | 2366.45 * | 2380.18 ** | 2394.97 *** |
| 2351.66 | Support* | 2337.93 * | 2323.14 ** | 2309.41 *** |
Weekly forecast：
