📊 Technical Analysis & Trading Strategy Summary – August 8, 2025

---

📊 Technical Analysis & Trading Strategy Summary – August 8, 2025

---

🏦 Major Currency Pairs

EUR/USD (1.1639)
Short-term: bearish (selling signals continue); Daily chart: bullish bias
✅ Strategy: 1.1650 is a potential sell zone. A break below 1.1600 could trigger further downside. Above 1.1670 may signal trend reversal.

USD/JPY (147.63)
Strong buy signals and stable conditions
✅ Strategy: Buy the dip around the low 147s. A break above 148.00 could accelerate upside.

GBP/USD (1.3446)
Strong bullish signals across the board
✅ Strategy: Buy on dips below 1.3400. Potential to break above 1.3500 if momentum continues.

AUD/USD (0.6522)
Lacking clear direction, but daily chart leans bullish
✅ Strategy: Maintain long if 0.6500–0.6510 holds. Below 0.6480 suggests temporary pullback.

USD/CAD (1.3731)
Bearish signals dominate
✅ Strategy: Maintain a sell-on-rally approach. Stops recommended above 1.3750.

---

💱 Crosses and Other Assets

EUR/JPY (171.83)
Strong bullish trend continuation
✅ Strategy: Stay long above 171.00. A push into 172.00s is possible.

GBP/JPY (198.50)
Strong bullish signals across all timeframes
✅ Strategy: Hold longs above 198.00. Watch for pullback if it drops below 197.80.

AUD/JPY (96.28)
Firm bullish trend supported by AUD strength
✅ Strategy: Breakout above 96.50 accelerates upside. Below 95.80, consider stepping aside.

CAD/JPY (107.53)
Short-term bullish; daily trend flat
✅ Strategy: Stay long if 107.80 breaks. Caution if it dips below 107.00.

CHF/JPY (182.65)
Medium-term trend firm, but facing resistance on the daily chart
✅ Strategy: Watch for a break above 183.00. Below 182.00 suggests short-term correction.

---

🪙 Commodities & Crypto

XAU/USD (Gold: 3,400.60)
Bullish signals on all timeframes
✅ Strategy: 3,390–3,410 is the key resistance zone. Take profit if price falls below 3,380.

BTC/USD (116,760)
Daily chart remains bullish; short-term correction possible
✅ Strategy: Trend continues above 117,000. Drop below 115,000 warrants caution.

---

🚀 Highlighted Trade Setups

🔼 Buy on Dips / Continuation Longs

• GBP/USD, EUR/JPY, GBP/JPY, AUD/JPY (Crosses showing strength)

• XAU/USD, USD/JPY (Risk-on supported safe havens)

• BTC/USD (Bullish bias remains in the medium term)

🔽 Sell on Rallies / Short-Term Shorts

• USD/CAD, EUR/USD (Both remain in sell zones short-term)

• NZD/CAD, EUR/AUD (Broad-based weakness continues)

---

📌 Key Technical Levels to Watch

• EUR/USD: Watch 1.1650–70 for selling pressure; 1.1600 as key support

• USD/JPY: 147.20–30 ideal for buying dips; breakout above 148.00 strengthens the uptrend

• XAU/USD: Monitor heavy resistance around 3,410–3,420; downside risk below 3,380

• BTC/USD: Bullish above 117,000; a break below 115,000 suggests caution is needed