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With key economic data on the horizon, including Canada's employment change and the US nonfarm payrolls, market participants are closely monitoring developments that could influence global currency dynamics. The USDJPY pair has recently demonstrated a bearish trend, marked by key technical shifts and the emergence of new support and resistance levels.
Adding to the mix, geopolitical factors such as Japan's trade negotiations with the incoming US administration and fluctuations in the US trade deficit provide critical insights into potential market directions. These elements underscore the importance of aligning technical and fundamental strategies in navigating the current landscape.

The GBPUSD pair has been volatile, rebounding from a November 22 low of 1.24866 but struggling to break the 50-period EMA, with key resistance at 1.27492 and potential targets at 1.29061, 1.30691, and 1.34337. Downside risks remain at 1.26165, 1.24866, and 1.23346. Sterling gains support from the Bank of England's cautious rate-cut strategy and the OECD's forecast for UK inflation above 2%, boosting its appeal against the Euro and Dollar. Upcoming economic events, including US Unemployment Claims and Nonfarm Employment Change, will further guide market moves.

The crude oil market remains in focus as technical and fundamental indicators paint a complex picture of potential opportunities and risks. After a sharp decline from its October 7 peak of $77.91 per barrel, crude oil has shown signs of recovery, currently trading above key technical benchmarks like the 50-period EMA. This rebound suggests a possible shift toward bullish momentum, supported by critical technical indicators such as the RSI and Momentum Oscillator.
On the fundamental side, geopolitical tensions and expectations of prolonged OPEC+ supply cuts are driving prices higher despite concerns over weak demand and rising inventories.

Gold is navigating a critical juncture, finding support at $2,605.26 per ounce and rebounding over the past two sessions.  Technical indicators point to potential upside momentum, with key resistance levels in sight.  However, the market remains influenced by economic uncertainty, amplified by Donald Trump's proposed tariffs on Canada, Mexico, and China, which have bolstered the dollar and tempered Gold's safe-haven appeal.  Despite recent volatility, Gold's impressive 25% gain this year underscores its enduring strength as investors await further economic cues.

Bitcoin's relentless rally shows no signs of slowing as it inches closer to the pivotal $100,000 psychological level. This milestone carries significant technical and market implications, with a breakout potentially driving fresh all-time highs. Key indicators, including the 50-period EMA, Momentum Oscillator, and RSI, continue to affirm bullish momentum. However, emerging overbought conditions and a negative divergence between the Momentum Oscillator and price action suggest the possibility of a short-term pause or correction. Traders are closely monitoring critical support and resistance levels as Bitcoin navigates this crucial phase in its upward trajectory.

The GBPJPY currency pair has exhibited a notable shift in momentum, reversing from its October 30 high of 199.793.  This reversal, driven by a "failure swing" pattern and supported by bearish technical indicators, underscores a potential continuation of the downward trajectory.  While key support levels are being tested, fundamental factors such as the Bank of Japan's cautious approach to rate hikes and the UK's weaker-than-expected GDP data add further complexity to the pair's outlook.  Traders remain focused on potential resistance and support levels, as well as macroeconomic developments that could influence future price movements.

This week features a mix of critical economic releases, including inflation data, employment figures, and PMI updates, which are set to influence market sentiment.  On the technical side, the S&P 500 remains in an uptrend despite a recent pullback, with key indicators still pointing to bullish momentum.  Fundamentally, investor focus will be on the interplay between economic data and broader concerns, such as inflation and policy uncertainty, as markets navigate these pivotal developments.

USDJPY has been on a strong upward path since mid-September, supported by Trump's re-election, a strengthening US dollar, and positive technical indicators. Fundamentals add momentum, with expectations of inflationary policies under Trump boosting the dollar's appeal. However, a near-term correction may still be possible as overbought conditions emerge.