1. GBP/USD Analysis:

News Summary:

A survey released on Wednesday showed that the UK services sector recorded solid growth in February, but ongoing job cuts and persistent price pressures remain, which could become a key concern ahead of the Bank of England’s interest rate decision later this month. The S&P Global UK Services Purchasing Managers’ Index (PMI) came in at 53.9 in February, slightly down from January’s five-month high of 54.0, and in line with the preliminary estimate. A PMI reading above 50 indicates expansion in the sector, while a reading below 50 signals contraction.

Trend Analysis:

We can see GBP/USD on the chart continues to rebound, but it is still trading below the 48 hours moving average. In addition, the MACD double line and energy bars are gradually expanding below the zero axis. The buy limit could be set, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [1.3270]

Key Resistance Levels: [1.3450]
Pivot Points [1.3300]

2. Crude Oil Analysis:

News Summary:

Oil prices have surged to their highest level in more than a year as growing concerns that escalating conflict in the Middle East could disrupt global energy supply chains intensify. On Wednesday, Goldman Sachs said that if oil shipments through the Strait of Hormuz remain unchanged over the next five weeks, international benchmark crude prices could rise further to $100 per barrel. If the conflict lasts for more than three weeks, Gulf oil-producing countries may exhaust their storage capacity and be forced to halt production. In that scenario, crude prices could fluctuate within the $100–$120 per barrel range.

Trend Analysis:

On the H4 chart, we can see crude oil continues to rebound and is trading above the 48 hours moving average. Meanwhile, the MACD double line and histogram bars are converging above the zero axis. The buy limit could be placed, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [75.00]

Key Resistance Levels: [80.00]

Pivot Points [76.00]