Trend Theme：USD/JPY is in freefall as USD plummets on dovish Fed.
Trend Review：USD/JPY is falling with a strong supply in the US dollar. At the time of writing, the pair is down 0.13% having dropped from a high of 109.32 to a recent low of 108.78.
|PP||Resistance*||109.19 *||109.55 **||109.78***|
|108.97||Support*||108.61 *||108.39 **||108.03 ***|
Trend Theme：GBP/USD jumps well above 1.39 on dovish Fed message.
Trend Review：GBP/USD has jumped above 1.39 and continues higher after the Fed’s guidance points to no hikes through 2023. Sterling awaits Thursday’s BOE decision.
|PP||Resistance*||1.4007 *||1.4049 **||1.4127 ***|
|1.3929||Support*||1.3887 *||1.3809 **||1.3766 ***|
Trend Theme：WTI still supported above $64.00 level, aided by dovish Fed-induced risk on.
Trend Review：Wednesday marked a fourth consecutive day of losses for crude oil markets, with front-month futures contracts for the American benchmark for sweet light crude oil (WTI) dropping another 40 cents to close the day just under $64.50.
|PP||Resistance*||65.35 *||66.25 **||67.11 ***|
|64.50||Support*||63.60 *||62.74 **||61.84 ***|
Trend Theme：Gold bulls battle key hurdle around $1,750 amid Federal Reserve aftershocks.
Trend Review：Gold remains nearly the yearly high after posting the biggest rally in over a week. Fed refrained from immediate rate hike signals, revised up economic forecasts. China eyes reversal of Trump-era policies during Thursday’s virus meeting with US President Joe Biden.
|PP||Resistance*||1756.65 *||1768.01 **||1784.29 ***|
|1740.37||Support*||1729.01 *||1712.73 **||1701.37 ***|