GBP/USD

Trend Theme:GBP/USD stays in red below 1.2800 despite weak US data.
Trend Review:GBP/USD remains under bearish pressure and trades deep in the red slightly above 1.2750 after touching its highest level in over two months above 1.2800 earlier in the day. The US Dollar benefits from risk-aversion despite weak JOLTS Job Openings data and weighs on the pair.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.27749 * | 1.27777 ** | 1.27819 *** |
| 1.27735 | Support* | 1.27707 * | 1.27693 ** | 1.27651 *** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY consolidates gains above 155.00 ahead of US data.
Trend Review:USD/JPY is consolidating the latest uptick above 155.00 in the Asian trading hours on Wednesday. The Japanese Yen finds some composure from the upbeat Labor Cash Earnings data. Meanwhile, a steady US Dollar also checks the upside in the pair. Top-tier US data awaited.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 155.399 * | 155.473 ** | 155.634 *** |
| 155.312 | Support* | 155.238 * | 155.151 ** | 154.99 *** |
Weekly forecast:

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WTI

Trend Theme:OPEC+ still decided to increase supply despite weak demand, and oil prices fell for five consecutive days, hitting a new low in nearly four months.
Trend Review:Oil prices fell more than $1 on Tuesday, marking a fourth straight day of decline and hitting a near four-month low as global demand showed signs of weakness and there were doubts about OPEC+’s decision to increase supply later this year.
Today Advise:Sideways
Key Levels:
| PP | Resistance* | 73.091 * | 73.185 ** | 73.365 *** |
| 73.005 | Support* | 72.911 * | 72.825 ** | 72.645 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold price ease: Risk-off sentiment and declining US yields take toll.
Trend Review:Gold prices retreat in the late North American session on Tuesday, amid a risk-off impulse and despite falling US Treasury bond yields. The latest tranche of US economic data shows the economy is slowing down, warranting lower interest rates. Despite that, the XAU/USD exchanges hands around $2,328.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 2328.11 * | 2329.84 ** | 2332.77 *** |
| 2326.91 | Support* | 2325.18 * | 2323.98 ** | 2321.05 *** |
Weekly forecast:

