📊 Technical Analysis & Trade Strategy Summary – July 29, 2025

📊 Technical Analysis & Trade Strategy Summary – July 29, 2025

🏦 Major Currency Pairs

EUR/USD (1.1543)
Downtrend across all timeframes, trading near recent lows
✅ 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
✅ 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
✅ 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
✅ Strategy: Sell the rally unless price breaks above 0.6520. Target at 0.6470.

USD/CAD (1.3765)
Bullish bias intact, targeting 1.3800
✅ Strategy: Continue buying dips. Support at 1.3720. Consider taking profit near 1.3800.

💱 Crosses & Other Assets

EUR/JPY (171.67)
Strong short-term selling, weak recovery
✅ Strategy: Continue selling rebounds. 172.20 as ceiling, aiming for mid-170s.

GBP/JPY (198.32)
Short-term buying but daily trend is neutral
✅ 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
✅ 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
✅ Strategy: Stay long CAD/JPY. CHF/JPY may shift to sell bias—watch for reversal.

XAU/USD (Gold: 3,316.44)
Broad bearish pressure, risk of new lows
✅ Strategy: Watch for tests of 3,310–3,300. Resistance at 3,330.

BTC/USD (118,600)
Short-term consolidation, daily remains bullish
✅ Strategy: Cautious if below 117,000. Bullish continuation above 119,500.

🚀 Key Trade Setups (as of AM, July 29, 2025)

🔼 Buy on Dips / Continue Long

• USD/JPY, CAD/JPY, USD/CAD, NZD/JPY (all showing support)

• BTC/USD (bullish if 117,000 holds)

🔽 Sell on Rallies / Short Bias

• EUR/USD, GBP/USD, AUD/USD (broad bearish pressure)

• EUR/JPY, CHF/JPY, XAU/USD (short-term bearish signals)

📌 Key Technical Levels to Watch