π Technical Analysis & Trade Strategy Summary β July 29, 2025
π¦ Major Currency Pairs
EUR/USD (1.1543)
Downtrend across all timeframes, trading near recent lows
β
Strategy: Continue selling on rallies. If rebound stalls at 1.1580, expect another test of the downside. Key support at 1.1500.
USD/JPY (148.72)
Strong buying persists on all timeframes
β
Strategy: Maintain buy-the-dip approach. Short-term target at 149.00, support at 148.20.
GBP/USD (1.3335)
Bearish signals across all timeframes
β
Strategy: Favor selling on rebounds. If capped at 1.3360, likely to resume decline. Watch support at 1.3300.
AUD/USD (0.6501)
Strong selling pressure remains
β
Strategy: Sell the rally unless price breaks above 0.6520. Target at 0.6470.
USD/CAD (1.3765)
Bullish bias intact, targeting 1.3800
β
Strategy: Continue buying dips. Support at 1.3720. Consider taking profit near 1.3800.
π± Crosses & Other Assets
EUR/JPY (171.67)
Strong short-term selling, weak recovery
β
Strategy: Continue selling rebounds. 172.20 as ceiling, aiming for mid-170s.
GBP/JPY (198.32)
Short-term buying but daily trend is neutral
β
Strategy: Buy above 198.80. Exit below 197.80.
AUD/JPY (96.68) / NZD/JPY (88.48)
Short-term selling dominates, but daily support remains
β
Strategy: Watch 96.50 / 88.30 support. If held, buy dips.
CAD/JPY (108.05) / CHF/JPY (184.46)
CAD strong, CHF at a turning point
β
Strategy: Stay long CAD/JPY. CHF/JPY may shift to sell biasβwatch for reversal.
XAU/USD (Gold: 3,316.44)
Broad bearish pressure, risk of new lows
β
Strategy: Watch for tests of 3,310β3,300. Resistance at 3,330.
BTC/USD (118,600)
Short-term consolidation, daily remains bullish
β
Strategy: Cautious if below 117,000. Bullish continuation above 119,500.
π Key Trade Setups (as of AM, July 29, 2025)
πΌ Buy on Dips / Continue Long
-
USD/JPY, CAD/JPY, USD/CAD, NZD/JPY (all showing support)
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BTC/USD (bullish if 117,000 holds)
π½ Sell on Rallies / Short Bias
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EUR/USD, GBP/USD, AUD/USD (broad bearish pressure)
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EUR/JPY, CHF/JPY, XAU/USD (short-term bearish signals)
π Key Technical Levels to Watch
Asset | Resistance | Support |
---|---|---|
EUR/USD | 1.1580 | 1.1500 |
USD/JPY | 149.00 | 148.20 |
XAU/USD | 3,330 | 3,310β3,300 |
BTC/USD | 119,500 (bullish breakout) | 117,000 (defensive line) |