The EURJPY pair failed in resuming the bullish track, due to its fluctuation below 184.40 level, to form bearish wave to settle near 183.50 level.
The suggested scenario in near trading depends on the strength of the mentioned barrier, as its stability makes us expect forming bearish waves to attempt to reach 182.90 and 182.50, while the price rally above the barrier and providing positive close will increase the chances of forming extra gains, to expect its rally towards 184.80 and 185.45 directly.
The expected trading range for today is between 182.90 and 184.00
The Pound to US Dollar (GBP/USD) exchange rate drifted lower on Wednesday following the release of the latest US inflation data.
At the time of writing, GBP/USD was trading near $1.3392, down roughly 0.2% from the start of the session.
The US Dollar gained modest ground after the publication of the newest US consumer price index figures.
Data released by the US Bureau of Labor Statistics showed that headline inflation held steady at 2.4% in February, while the core rate remained unchanged at 2.5%. Both readings matched market expectations.
These figures lent the ‘Greenback’ some support as they reinforced the view that inflationary pressures in the US are proving difficult to fully tame. As a result, investors are increasingly convinced that the Federal Reserve may keep interest rates at restrictive levels for longer.
Fed officials have repeatedly emphasised the importance of seeing sustained progress toward their inflation target before considering policy easing, a stance that continues to underpin the US currency.
Additional support for the Dollar came from developments in energy markets. Oil prices moved higher during Wednesday’s session, as traders remained doubtful that the International Energy Agency’s plan to release up to 400 million barrels of crude would fully offset supply disruptions linked to the effective shutdown of the Strait of Hormuz.
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Although Sterling lost ground against the US Dollar, it performed better against several other major currencies as markets continued to reassess expectations for Bank of England policy.
Rising geopolitical tensions and higher energy costs have fuelled concerns that inflation in the UK could accelerate again, prompting investors to dial back their expectations for interest rate cuts.
Where markets had previously anticipated multiple reductions in borrowing costs over the next year, many traders are now questioning whether the Bank of England will be able to lower rates at all in 2026 if price pressures intensify.
Short-Term GBP/USD Forecast: Bailey Speech in Focus
Remarks from Bank of England Governor Andrew Bailey could provide fresh direction for the Pound to US Dollar exchange rate.
Investors will be watching closely for any indication that the recent spike in energy prices might influence the central bank’s policy thinking. Should Bailey hint that inflation risks could delay or halt the Bank of England’s easing cycle, Sterling may receive a boost.
At the same time, the release of the latest US labour market figures could influence the Dollar. Stronger-than-expected initial jobless claims data may reinforce confidence in the resilience of the US economy and offer further support to the currency.
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Despite the weakness of the EURJPY pair last trading, the continuation of providing bullish momentum by the main indicators assisted in reinforcing the chances of forming bullish waves, to target 183.60 level, then to settle below %50 correction level at 183.40.
We recommend waiting for providing a new positive close above 183.40 level, to confirm its readiness to record some gains by its rally towards 184.00 and 184.25, while the failure to breach it might force the price to form new bearish waves, attempting to reach towards 182.60 then press on the extra support at 182.00.
The expected trading range for today is between 182.70 and 184.00
The Pound to Dollar exchange rate (GBP/USD) surged to 10-day highs above 1.3480 as a sharp correction in global oil prices improved risk sentiment and curbed safe-haven demand for the US dollar.
Sterling benefited from easing energy fears after comments from US President Donald Trump suggesting the Iran conflict could end soon, while a strong rally in UK government bonds also helped stabilise the Pound after recent volatility.
GBP/USD Forecasts: 10-Day High
After finding support below the 1.3300 on Monday, the Pound to Dollar (GBP/USD) exchange rate rallied to 10-day highs above 1.3480 on Tuesday before settling above 1.3450.
There is likely to be selling interest above 1.35 amid elevated uncertainty. According to UoB; “GBP has likely entered a range-trading phase, and it is likely to trade between 1.3325 and 1.3520.”
President Trump’s comments late on Monday that the Iran war would be over soon triggered a slide in oil prices while equity markets rallied strongly. This combination curbed demand for the dollar and also provided relief for the Pound in global markets.
There was also a significant rally in UK bonds with the 10-year gilt yield trading around 4.52% compared with highs above 4.70% on Monday which helped calm immediate fears.
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Middle East developments and energy prices will continue to be watched very closely. There will also be concerns over the domestic outlook given the risk that higher energy prices will undermine confidence and hit activity with a very high element of uncertainty.
According to ING; “What will matter most, though, is a reopening of the Strait of Hormuz and a restart of production across the Middle East. Until investors receive headlines on that score, presumably relating to some kind of ceasefire, we doubt the dollar is going to quickly hand back all the gains made over the last two weeks.”
It added; “For today, let’s see whether we hear of any further US measures to address the oil shock.
MUFG notes that the underlying outlook for energy supplies is a key factor; “The current scenario is that risks to facilities have halted or reduced production as has the inability to use the Strait of Hormuz. Once conditions allow, production can gradually ramp back up.
It added; “A scenario of supply destruction would be far worse in that the time taken for significant repairs would lengthen, potentially notably, the time to get production going again.”
National Australia Bank senior currency strategist Rodrigo Catril commented; “We’re cautious in the sense that it may not be as simple as just declaring the end of the war, our sense is that we haven’t seen the end of the volatility.”
Deutsche Bank noted that a sustained increase in oil prices, a shift in stance from central banks and evidence of economic weakness would trigger much more damage to risk appetite and a deeper slide in equities.
Chief economist Jack Meaning commented; “How close are we to meeting those thresholds? Much closer than a week ago. But on several metrics we aren’t quite there yet, which explains why equities aren’t yet seeing bear-market declines, like we saw in 2022.”
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2026.03.11 2026.03.11 Oil (USCrude) Price Forecast for Today, Tomorrow, Next Week, and Next 30 Days
Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/
Forecasting the USCrude price requires taking into account fundamental, geopolitical, and technical factors. The dynamics of crude oil not only shape the global economic environment but also depend heavily on exporting countries’ decisions, macroeconomic indicators, and unexpected events.
In this review, we will examine the outlook for oil prices over the upcoming trading sessions, assess prospects for the week ahead, and outline key benchmarks for the coming month. The forecast takes into account the current supply-demand balance, speculative positioning, and the latest geopolitical developments.
The article covers the following subjects:
Expert Technical Analysis for USCrude for Today
The 4-hour chart shows the following signals:
A Falling Three Methods pattern (1) has formed within the $87.30–$82.67 range, indicating a decline in oil prices. Next, the Dark Cloud Cover pattern (2) has appeared, confirming the decline.
MACD is moving sideways in negative territory, showing no clear momentum.
RSI is holding near 47 in neutral territory, suggesting the price may rise or fall.
MFI is signaling an outflow of liquidity from the asset.
VWAP and SMA20 are positioned above the market price, indicating bearish strength.
Base scenario: Open short positions (1) below the $80.53 level, with price targets at $78.42, $76.02, $73.91, $71.84, $69.92, $67.93, $65.15, $63.30, and $61.23. Stop Loss (3): $81.59.
Alternative scenario: Open long positions (2) above $82.67. Targets: $85.09, $87.30, $89.72, $92.50, $94.99, $97.41, $99.69, $102.18. Stop Loss (3): $81.59.
Alan Tsagaraev is an independent trader and analyst specializing in stock, foreign exchange, and cryptocurrency markets. He holds a degree in Economics and has been a professional investor and financial market trader since 2019. Over the course of his career, he has increased his capital more than tenfold.
USCrude Real-Time Market Status
USCrude is trading at $88.478 as of 12.03.2026.
Oil Price Forecast for Tomorrow
On March 12, 2026, the price of USCRUDE may decline.
USCrude price prediction tomorrow:
Date
Daily Low, $
Daily High, $
Average Price, $
12.03.2026
76.02
87.30
81.66
Oil Price Forecast for Next Week
High volatility is expected in USCrude this week. The escalation of the armed conflict in the Middle East, the closure of the Strait of Hormuz, production cuts by several oil-producing countries, as well as US inflation data and other macroeconomic indicators, may affect crude oil prices.
USCRUDE price prediction this week:
Date
Weekly Low, $
Weekly High, $
Average Price, $
09.03.2026–
15.03.2026
71.84
89.72
80.78
Oil Price Prediction for Next 30 Days
USCrude is expected to rise over the next month due to seasonal demand growth and continued OPEC+ production constraints. The target range is $99.43–$102.20. Volatility is likely to remain elevated amid geopolitical tensions and mixed US macroeconomic data.
USCRUDE price prediction 30 days:
Month
Monthly Low, $
Monthly High, $
Average Price, $
March
67.29
119.48
93.38
USCrude Outlook: Market Sentiment and Key Events for the Next 30 Days
The following factors may affect the price of USCrude:
Many global leaders have stated their readiness to intervene in the Middle East conflict in order to limit the impact of the war in Iran on global energy markets.
G7 countries have instructed the International Energy Agency (IEA) to urgently develop plans to release strategic oil reserves onto the market.
US President Donald Trump announced a temporary suspension of several sanctions restricting oil trade, which is expected to increase supply. In early March, the US Treasury announced a 30-day lifting of the ban on Indian refineries purchasing Russian oil. This measure should ensure a steady flow of oil to the global market.
At the same time, Trump ordered the US Navy to provide military escorts for commercial tankers passing through the strategically important Strait of Hormuz to secure oil transportation routes. He also noted that the administration remains open to dialogue with Tehran.
Despite a sharp correction following the initial surge, oil prices remain elevated. These prices reflect market concerns that the conflict could disrupt oil supplies from the Middle East for an extended period, as the region remains the world’s main oil producer.
Kuwait, Saudi Arabia, Iraq, and the UAE were forced to cut oil production by a combined 6.7 million barrels per day as a precautionary measure. The reasons include both direct threats to infrastructure and disruptions in logistics chains.
Mar. 11 — OPEC monthly report, US February Consumer Price Index (CPI), and US crude oil inventory data.
Mar. 13 — US Q3 2025 GDP data, University of Michigan 5-year consumer inflation expectations index, and total Baker Hughes US rig count.
Mar. 15 — US February industrial production data.
Mar. 18 — February Producer Price Index (PPI) data and the Federal Reserve’s interest rate decision.
Mar. 19 — Philadelphia Fed Manufacturing Index for March.
Mar. 20 — Total Baker Hughes US rig count data.
Mar. 24 — March PMI data for the manufacturing and services sectors.
Price Analysis and Forecasting Methodology
Our daily Oil price analysis and forecasting methodology includes:
Analysis of fundamental factors and expert opinions influencing USCrude short-term price movements.
Technical analysis of the asset’s charts from H1 to H4 time frames, including identification of key support and resistance levels, examination of technical indicators, and study of candlestick and chart patterns.
Assessment of market sentiment through the analysis of posts and comments on social media, offering insights into the oil price’s next move.
Oil (USCrude) Price Forecast FAQs
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.
According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.
The Euro pulled back on Tuesday, as the consolidation continues, with an upwards tilt. With this, the market continues to pay those holding Euros against the Japanese yen.
EUR/JPY
The Euro pulled back just a touch during the trading session on Tuesday only to turn around and show signs of life again. The bounce that we have seen occurred at the 50-day EMA and it opens up the possibility of a continuation to the upside, but you also have to keep in mind that the 185 Yen level above is probably going to be thought of as a potential short-term barrier, but that could also make it a target.
Keep in mind that the Japanese Yen is weak against almost everything, but at the same time we see the Euro gaining a little bit against multiple other currencies. The 182 Yen level will continue to be an area of support.
Carry Trade and Volatile Headlines
I think as long as we can stay above that level, it remains a buy-on-the-dip scenario, especially as the interest rate differential favors Europe, although if you are trying to play the carry trade you are probably going to use other higher-yielding currencies to do so.
Over the longer term, I think we have a situation where we could go looking at the 186 Yen level, but it is going to remain a very noisy turn of events and the next headline that comes out, especially if it destroys risk appetite. If we were to break down below the 181 Yen level, I think that opens up the floodgate but right now, I believe we have a scenario where traders are going to continue to find reasons to get long, mainly not because they want to own Euro, but because they do not want to own Yen.
Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.
Natural gas prices ended the last bullish attempts by testing $3.450 barrier, to activate with the moving average 55 negativity, by its decline towards $3.050, to confirm the negative scenario until this moment.
The continuation of facing negative pressures will increase the chances of attacking $2.850 level, and surpassing it will confirm its readiness to resume the negative attempts, t reach the next support at $2.630.
The expected trading range for today is between $2.850 and $3.250
Platinum price is affected by the contradiction of the main indicators, which forces it to delay the previously suggested negative attack, activating with the moving average 55 positivity, by its rally to $2245.00 yesterday, to test the initial resistance, then rebound directly to settle near $2200.00.
Stochastic attempts to provide additional negative momentum by reaching below 50 level will support the chances of renewing the corrective attempts by reaching below $2180.00, then begin targeting negative stations near $2160.00 and $2125.00.
The expected trading range for today is between $2125.00 and $2220.00
