GBP/USD
Trend Theme：GBP/USD eyes 1.2800 as UK’s budget and Powell’s comments lift the Pound.
Trend Review：The GBP/USD climbed 0.31% during the North American session and traded at 1.2746 after bouncing off daily lows of 1.2690. UK’s spring budget announcement and US Federal Reserve’s Chair Jerome Powell’s testimony sponsored a leg-up in the pair, which is set to test the 1.2800 mark.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.2770 * | 1.2801 ** | 1.2841 *** |
| 1.2730 | Support* | 1.2699 * | 1.2659 ** | 1.2628 *** |
Weekly forecast：
————————————————————————————————-
USD/JPY
Trend Theme：USD/JPY slumps to 149.50 as hopes for BoJ’s policy normalization escalate.
Trend Review：USD/JPY drops sharply to 149.50 as bets in favor of BoJ lifting negative rate escalate. Improving outlook for Japan’s wage growth would keep inflation sustainably above 2%. Investors await Fed Powell’s testimony for fresh guidance on US interest rates.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 149.93 * | 150.50 ** | 150.92 *** |
| 149.51 | Support* | 148.94 * | 148.52 ** | 147.95 *** |
Weekly forecast：
—————————————————————————————————
WTI
Trend Theme：Oil prices rebounded more than 1% after Saudi Arabia raised official crude prices for Asia and expectations of a Fed rate cut rose.
Trend Review：Oil prices rose about 1 percent on Wednesday, buoyed by a smaller-than-expected rise in U.S. crude inventories, a sharp drawdown in distillate and gasoline stockpiles and comments by the Federal Reserve chairman that it still expects to cut interest rates this year, while Saudi Arabia unexpectedly raised official crude prices for Asia.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 79.92 * | 81.23 ** | 82.44 *** |
| 78.71 | Support* | 77.40 * | 76.19 ** | 74.88 *** |
Weekly forecast：
—————————————————————————————————
XAU/USD
Trend Theme：Gold price stays near $2,150 on falling US yields, Fed Powell’s comments.
Trend Review：Gold rallied for the fifth straight day and reached an all-time high at $2,152.24 during the North American session amid US Federal Reserve Chair Jerome Powell’s congressional testimony.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2158.08 * | 2169.45 ** | 2186.62 *** |
| 2140.91 | Support* | 2129.54 * | 2112.37 ** | 2101.00 *** |
Weekly forecast：
