π Technical Analysis & Trade Strategy β July 16, 2025
π¦ Major Currency Pairs
EUR/USD (1.1611)
Bearish bias across all timeframes
β
Strategy: Maintain sell-on-rally stance. As long as 1.1650 is not breached, downside risk persists. Target: 1.1580.
USD/JPY (148.70)
Short-term mixed, daily trend turning bullish
β
Strategy: Buying on dips favored if 148.50 holds. Potential test of 149.00.
GBP/USD (1.3396)
Short-term slightly bullish, but daily signals remain bearish
β
Strategy: Watch the 1.3400 zone closely. Upside likely limited; selling into rallies remains advantageous.
AUD/USD (0.6521)
Uncertain direction, slight bearish tone
β
Strategy: Sell near 0.6530β40. Break below 0.6500 could accelerate downside.
USD/CAD (1.3723)
Bullish bias on both short-term and daily charts
β
Strategy: Favor buying on dips. Support at 1.3700; break above 1.3750 opens path to 1.3800.
π± Crosses & Other Assets
EUR/JPY (172.65) / GBP/JPY (199.21) / AUD/JPY (96.97)
Short-term selling signals, but daily trend supports yen weakness
β
Strategy: Dip-buying remains valid, but watch for short-term pullbacks. Key supports: 172.00 and 198.00.
CAD/JPY (108.36) / CHF/JPY (185.45) / NZD/JPY (88.32)
Short-term selling pressure, but longer-term bullish trend intact
β
Strategy: Swing traders should hold long positions; short-term traders can look for sell-on-rally opportunities.
XAU/USD (Gold β 3,337.61)
Weak short-term tone, but daily chart shows resilience
β
Strategy: Buy on dips around 3,330β3,320. Upside targets: 3,350β3,370.
BTC/USD (119,290)
Strong bullish momentum across all timeframes
β
Strategy: Continue buying on dips. Break above 120,000 could lead to a push toward 121,500.
π Key Trade Opportunities
πΌ Buy Setups (Dip-Buying / Bullish Continuation)
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USD/JPY (above 148.50 remains bullish)
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USD/CAD (uptrend continuation)
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BTC/USD & XAU/USD (bullish momentum intact)
π½ Sell Setups (Rally Selling / Short-Term Bearish)
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EUR/USD & GBP/USD (sell on rallies)
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AUD/USD (weak structure, downside bias)
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EUR/GBP & EUR/AUD (Euro under pressure)
π Key Levels to Watch
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EUR/USD: 1.1650 (sell zone cap)
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USD/JPY: 148.50 (critical support for dip buys)
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XAU/USD: 3,320β3,370 (support & resistance band)
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BTC/USD: 120,000 (breakout trigger for higher move)