GBP/USD
Trend Theme：GBP/USD gathers strength to a weekly high near 1.2780, eyes on UK GDP, US PPI data.
Trend Review：The GBP/USD pair gains ground to nearly the weekly high during the early Asian trading hours on Friday. The November UK Gross Domestic Product (GDP) is estimated to grow by 0.2% MoM from the 0.3% contraction in the previous reading. GBP/USD trades near 1.2780, gaining 0.16% on the day.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.2793 * | 1.2826 ** | 1.2877 *** |
| 1.2742 | Support* | 1.2709 * | 1.2658 ** | 1.2625 *** |
Weekly forecast：
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USD/JPY
Trend Theme：Japanese Yen recovers further from one-month low, not out of the woods yet.
Trend Review：The Japanese Yen is seen extending the overnight recovery against the USD from a one-month low. Expectations that the BoJ will stick to its ultra-dovish policy stance should cap the upside for the JPY. Diminishing odds for an early rate cut by the Fed could lend support to the buck and the USD/JPY pair.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 146.21 * | 147.02 ** | 147.62 *** |
| 145.61 | Support* | 144.80 * | 144.20 ** | 143.39 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices rose 1 percent on fears of escalating conflict in the Middle East after Iran seized oil off the coast of Oman.
Trend Review：Crude oil prices rose about 1 per cent yesterday as the prospect of an escalating conflict in the Middle East raised concerns after Iran seized an oil tanker off the coast of Oman.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 73.77 * | 75.06 ** | 76.33 *** |
| 72.50 | Support* | 71.20 * | 69.93 ** | 68.64 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold recovers some lost ground above $2,030, focus on Chinese CPI, PPI data.
Trend Review：Gold bounces off the weekly low of $2,013 to $2,030 during the early Asian session on Friday. Nonetheless, the upside of the yellow metal might be limited due to the possibility that the Fed may not begin cutting interest rates as early as expected, which might exert some selling pressure on XAU/USD prices.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2040.38 * | 2053.18 ** | 2066.68 *** |
| 2026.88 | Support* | 2014.08 * | 2000.58 ** | 1987.78 *** |
Weekly forecast：
