1. GBP/USD Analysis:

News Summary:

MUFG Bank stated that the British pound could decline if the ruling Labour Party loses the upcoming by-election in the Gordon and Denton constituency on Thursday. Labour had comfortably won the Gordon and Denton seat in the 2024 general election. Polls indicate a tight race among Labour, Reform UK, and the Green Party. Meanwhile, UK government bond yields are being closely watched ahead of the Chancellor’s latest update to Parliament on economic growth and borrowing forecasts.

Trend Analysis:

On the H4 chart, we can see GBP/USD has fallen and then rebounded but remains below the 48 hours moving average. In addition, both the MACD double line and histogram bars are expanding around the zero axis. The buy limit could be employed, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [1.3420]

Key Resistance Levels: [1.3570]
Pivot Points [1.3450]

2. Crude Oil Analysis:

News Summary:

Since the beginning of 2026, oil prices have no longer been driven primarily by supply and demand fundamentals but have instead become heavily influenced by geopolitical factors. Although U.S. crude production reached a record high in February, prices have continued to hold firmly around $65 per barrel. The market generally agrees that current oil prices include at least a $10 geopolitical risk premium. The EIA forecasts an average price of $58 in 2026, but in the near term, uncertainty surrounding negotiations is likely to keep volatility elevated.

Trend Analysis:

We can see crude oil on the H4 chart is oscillating higher in a rebound, but remains below the 48 hours moving average. Meanwhile, the MACD double line and energy bars are converging near the zero axis. The buy limit could be set, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [63.00]

Key Resistance Levels: [68.00]

Pivot Points [64.00]