GBP/USD
Trend Theme：GBP/USD advances toward 1.2800 as USD slides.
Trend Review：GBP/USD gathers bullish momentum and advances toward 1.2800 in the second half of the day on Monday. The US Dollar faces strong selling pressure following the weaker-than-forecast ISM Manufacturing PMI data, fuelling the pair’s rally.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.28108 * | 1.2814 ** | 1.2819 *** |
| 1.2809 | Support* | 1.28058 * | 1.2804 ** | 1.2799 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY rebounds to 156.50, as USD recovers with US yields.
Trend Review：USD/JPY is rebounding to 156.50 in the Asian session on Tuesday, finding support at 156.00. A modest recovery in the US Dollar and the US Treasury bond yields amid a risk-off mood aid the pair’s upswing. Japan’s verbal intervention warnings fail to derail the pair’s renewed upside.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 156.425 * | 156.458 ** | 156.54 *** |
| 156.376 | Support* | 156.343 * | 156.294 ** | 156.212 *** |
Weekly forecast：
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WTI
Trend Theme：WTI drops below $74.00 as OPEC+ plans to ease Oil production cuts.
Trend Review：West Texas Intermediate Oil price continues to decline for the fifth consecutive day, trading around $73.90 per barrel during the Asian session on Tuesday. This drop in crude Oil prices is attributed to the Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, announcing a gradual plan to ease some of their Oil production cuts.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 73.738 * | 73.788 ** | 73.908 *** |
| 73.668 | Support* | 73.618 * | 73.548 ** | 73.428 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price bulls largely ignore bearish USD, 50-day SMA support holds the key.
Trend Review：Gold price fails to attract any follow-through buying despite a combination of supporting factors. Fed rate cut bets drag the USD to a nearly two-month low, but does little to lure XAU/USD bulls. Traders now look forward to this week’s important US macro data and key central bank event risks.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2349.17 * | 2351.08 ** | 2354.53 *** |
| 2347.63 | Support* | 2345.72 * | 2344.18 ** | 2340.73 *** |
Weekly forecast：
