The US dollar may strengthen in the short term on expectations of strong US economic data. The Bank of England’s dovish stance and the ECB’s dovish stance may weigh on the EUR and GBP respectively. USD/JPY is in an uptrend, and strong US data could further strengthen USD. Gold may benefit from expectations of lower US interest rates.

British Pound (GBP/USD):

• Trend: Bearish
• Support: 1.2670, 1.2656, 1.2631, 1.2608
• Resistance: 1.2714, 1.2738, 1.2761, 1.2806
• Key Factors: Bank of England interest rate decision, US economic data
• Forecast: GBP/USD may decline further in the short term if the Bank ofEngland maintains a dovish stance or US data is strong. A break below 1.2670 could lead to a larger drop.

Japanese Yen (USD/JPY):

• Trend: Bullish
• Support: 157.52, 157.33, 156.56
• Resistance: 157.98, 158.29, 158.92, 159.20
• Key Factors: US economic data, BOJ monetary policy
• Forecast: USD/JPY may continue to rise in the short term if US data is strong. A break above 158.29 could lead to a larger move higher.

Gold (XAU/USD):

• Trend: Bullish
• Support: 157.52, 157.33, 156.56
• Resistance: 157.98, 158.29
• Key Factors: US economic data, Fed interest rate expectations
• Forecast: Gold may continue to rise in the short term if US data supports expectations of lower Fed interest rates. A break above above 158.23 will give rise to 159.20. Downtrend may resume if the price breaks below 156.56