Trend Theme：USD/JPY slips back below 104.00 level as Powell reiterates Fed accommodative stance.
Trend Review：USD/JPY saw downside as a function of USD weakness in the runup to comments from the Chairman of the US Federal Reserve Jerome Powell, dropping back beneath the 104.00 level to hit lows at 103.65.
|PP||Resistance*||104.08 *||104.46 **||104.72 ***|
|103.82||Support*||103.45 *||103.19 **||102.82 ***|
Trend Theme：GBP/USD climbs to highest level since May 2018 above 1.3700.
Trend Review：GBP/USD extended its rally in the second half of the day and touched its highest level since May 2018 at 1.3709. The broad-based selling pressure surrounding the greenback continues to fuel the pair’s upside.
|PP||Resistance*||1.3730 *||1.3767 **||1.3824 ***|
|1.3673||Support*||1.3636 *||1.3580 **||1.3543 ***|
Trend Theme：WTI crude subdued below $53.00 as market await key Powell and Biden speeches.
Trend Review：WTI crude oil currently trades flat during what has thus far been choppy directionless trade. Front-month WTI futures currently trade just beneath the $53.00 level.
|PP||Resistance*||54.19 *||54.71 **||55.66 ***|
|53.25||Support*||52.73 *||51.78 **||51.26 ***|
Trend Theme：Gold Bears testing bullish commitments at 200 dma.
Trend Review：Gold flirting with the 200-DMA as markets await Biden’s rescue plan. Rising rates continue to place a wet towel on gold markets with spot gold now flirting with a break below the 200-DMA.
|PP||Resistance*||1860.43 *||1873.55 **||1889.49 ***|
|1844.49||Support*||1831.37 *||1815.43 **||1802.31 ***|