GBP/USD

Trend Theme:GBP/USD climbs for a third straight day as Greenback recedes.
Trend Review:GBP/USD rose one-third of one percent after the US Dollar continued to recede to kick off the new trading week. Greenback flows extended a near-term course reversal as investors shrug off a recent downswing in market sentiment.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 1.2989 * | 1.29945 ** | 1.30031 *** |
| 1.29859 | Support* | 1.29804 * | 1.29773 ** | 1.29687 *** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY holds above the overnight swing low amid a positive risk tone.
Trend Review:USD/JPY attracts some sellers for the third straight day on Tuesday. Bets for an imminent start of the Fed’s rate-cutting cycle in September drag the USD to a fresh seven-month low. In contrast, the BoJ is anticipated to hike rates again later this year, which, along with geopolitical risks, underpins the JPY and exerts pressure on the pair.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 146.731 * | 146.991 ** | 147.523 *** |
| 146.459 | Support* | 146.199 * | 145.927 ** | 145.395 *** |
Weekly forecast:

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WTI

Trend Theme:Gaza ceasefire talks reduce supply risks + demand concerns linger, oil prices continue to fall to a two-week low.
Trend Review:Oil prices fell more than $2 a barrel to near a two-week low on Monday as the prospect of successful Middle East peace talks reduced supply risks, while economic weakness in major oil importers could curb demand.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 73.563 * | 73.797 ** | 74.157 *** |
| 73.437 | Support* | 73.203 * | 73.077 ** | 72.717 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold holds steady above $2,500, potential downside seems limited.
Trend Review:Gold price hovers around $2,500 during the early Asian session on Tuesday. The rising expectation of the interest rate cut by the Federal Reserve in September and further US dollar weakness are likely to underpin the precious metal in the near term.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2505.01 * | 2505.62 ** | 2507.11 *** |
| 2504.13 | Support* | 2503.52 * | 2502.64 ** | 2501.15 *** |
Weekly forecast:

