📊 Technical Analysis & Trade Strategy Summary – August 1, 2025

📊 Technical Analysis & Trade Strategy Summary – August 1, 2025

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🏦 Major Currency Pairs

EUR/USD (1.1411)
Short-term rebound, but overall bearish bias remains.
✅ Strategy: Favor selling near 1.1450. Watch for potential drop below 1.1370. Longs should remain cautious.

USD/JPY (150.38)
Short-term pressure lower, but the daily trend remains upward.
✅ Strategy: Continue buying on dips while above 150.00. 149.30 is key support.

GBP/USD (1.3165)
Ongoing selling pressure across timeframes.
✅ Strategy: Maintain sell-on-rally approach. Resistance near 1.3200, with downside focus on 1.3100.

AUD/USD (0.6426)
Heavier downside bias, capped upside.
✅ Strategy: Look to sell failed rallies near 0.6450. Support eyed at 0.6400.

USD/CAD (1.3872)
Bullish trend continues.
✅ Strategy: Favor dip buying. 1.3900 is a key resistance. Stay long above 1.3820.

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💱 Crosses & Other Assets

EUR/JPY (171.59)
Short-term weakness, signs of daily trend resuming upward.
✅ Strategy: Buy dips while above 171.00. Drop below 170.60 could trigger further losses.

GBP/JPY (197.97)
Lacks clear direction, slightly bearish bias.
✅ Strategy: Monitor price action around 198.00. Break above 198.50 may shift momentum upward.

AUD/JPY (96.61)
Short-term bearish, but daily support holding.
✅ Strategy: Hold longs above mid-96s. Caution if falling below 95.80.

CAD/JPY (108.40)
Daily uptrend intact, short-term consolidation possible.
✅ Strategy: Stay long above 108.00. Range between 107.80–108.50 is key.

CHF/JPY (184.30)
Still facing selling pressure, but daily chart hints at a rebound.
✅ Strategy: Look for bottoming signs around 184. Short-term bias is still for selling, but watch for reversal.

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🪙 Commodities & Crypto

XAU/USD (Gold: 3,299.59)
Short-term strength, daily chart remains heavy.
✅ Strategy: Sell rallies near 3,310–3,320. A break below 3,290 could accelerate the decline.

BTC/USD (114,880)
Bearish bias on short to medium term. Minor rebounds likely capped.
✅ Strategy: Resistance at 115,000–117,000. Selling rallies remains favored in the short term.

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🚀 Highlighted Strategies

🔼 Long Opportunities (Dip-Buy/Continuation):

• USD/JPY

• USD/CAD

• CAD/JPY

• EUR/JPY / CHF/JPY (potential daily recovery)

• XAU/USD (short-term rebound)

🔽 Short Opportunities (Sell-on-Rally/Short-Term):

• EUR/USD

• GBP/USD

• AUD/USD

• NZD/CAD (broad weakness)

• BTC/USD (short-term selling remains viable)

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📌 Key Technical Levels

• EUR/USD: Resistance at 1.1450 / Support at 1.1370

• USD/JPY: Resistance at 150.80 / Support at 149.30

• XAU/USD: Watch 3,310 for breakout, caution if below 3,290

• BTC/USD: Resistance at 117,000 / Bearish trigger below 114,000