GBP/USD
Trend Theme：GBP/USD holds above the 1.2800 mark, eyes on UK labour market, US CPI data.
Trend Review：The GBP/USD pair remains on the defensive above the 1.2800 support during the early Asian trading hours on Tuesday. The lower bets on rate cut expectations from the Bank of England weigh on the Pound Sterling. Investors await the UK labour market data and US CPI inflation data on Tuesday for fresh impetus.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.2854 * | 1.2895 ** | 1.2924 *** |
| 1.2825 | Support* | 1.2785 * | 1.2755 ** | 1.2715 *** |
Weekly forecast：
————————————————————————————————-
USD/JPY
Trend Theme：USD/JPY battles 147.00 on the latest upswing, BoJ Ueda’s speech eyed.
Trend Review：USD/JPY is battling 147.00 in the Asian session on Monday, as the Japanese Yen reverses recent gains ahead of BoJ Governor Ueda’s parliamentary appearance. Hawkish BoJ speculation, however, could keep the pair’s recovery in check. US CPI data eyed as well.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 147.25 * | 147.55 ** | 147.93 *** |
| 146.87 | Support* | 146.57 * | 146.19 ** | 145.88 *** |
Weekly forecast：
—————————————————————————————————
WTI
Trend Theme：Weak demand concerns + easing Middle East supply concerns, alert to downward pressure.
Trend Review：With concerns easing that fighting in the Middle East will disrupt supply and data from Asian powers showing weak demand, investors need to be wary of short-term downward pressure on oil prices.
Today Advise：Neutral
Key Levels：
| PP | Resistance* | 78.47 * | 79.10 ** | 80.09 *** |
| 77.49 | Support* | 76.86 * | 75.87 ** | 75.24 *** |
Weekly forecast：
—————————————————————————————————
XAU/USD
Trend Theme：Gold price keeps its range near $2,180 as traders await US inflation data.
Trend Review：Gold price is keeping its consolidative mode intact near $2,180 in Asian trading on Tuesday, with traders bracing for the release of February’s US CPI data. Core CPI data is foreseen to cool down, which would weigh on the US Dollar and boost Gold price on dovish Fed policy pivot bets.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2190.00 * | 2196.60 ** | 2204.17 *** |
| 2182.43 | Support* | 2175.83 * | 2168.26 ** | 2161.66 *** |
Weekly forecast：
