GBP/USD
Trend Theme：GBP/USD extends its upside above 1.2680 on weaker US Dollar.
Trend Review：The GBP/USD pair extends its upside near 1.2688 on Thursday during the early Asian session. The uptick of the major pair is supported by the weaker Greenback after the release of softer US CPI inflation data.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.26886 * | 1.26911 ** | 1.26966 *** |
| 1.26856 | Support* | 1.26831 * | 1.26801 ** | 1.26746 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY trims losses below 154.50 following Japan’s GDP data.
Trend Review：USD/JPY trims losses near 154.45 during the Asian session on Thursday. The softer US CPI inflation data has exerted some selling pressure on the US Dollar. However, the major pair recovers modestly following the recent weaker-than-expected Japan’s Gross Domestic Product in the first quarter of 2024.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 154.336 * | 154.431 ** | 154.649 *** |
| 154.213 | Support* | 154.118 * | 153.995 ** | 153.777 *** |
Weekly forecast：
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WTI
Trend Theme：U.S. crude oil inventories fell + inflation slowed, oil prices rose nearly 1% from the previous day’s two-month low.
Trend Review：Oil prices rose nearly 1% on Wednesday from the previous session’s two-month low as markets weighed bullish U.S. economic and crude inventory data against the International Energy Agency’s (IEA) forecast of weak global oil demand growth.
Today Advise：Neutral
Key Levels：
| PP | Resistance* | 78.63 * | 78.666 ** | 78.756 *** |
| 78.576 | Support* | 78.54 * | 78.486 ** | 78.396 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold rally continues with buyers eyeing $2,400 as inflation recedes.
Trend Review：Gold price extended its uptrend for the second straight day on Wednesday and hit a three-week high of $2,390 after data revealed by the US Bureau of Labor Statistics showed inflation is ebbing, increasing the odds for a Federal Reserve rate cut in 2024.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2392.14 * | 2394.16 ** | 2398.91 *** |
| 2389.41 | Support* | 2387.39 * | 2384.66 ** | 2379.91 *** |
Weekly forecast：
