Based on the article written by Chris Lee and published on DailyForex titled “Pairs in Focus: 13th to 19th July 2025,” here is a rewritten and expanded version exceeding 1000 words. The content maintains the core technical analysis while offering additional context and detail for a comprehensive weekly outlook in the Forex market. Full credit is given to Chris Lee and DailyForex.com as the original source.
Pairs in Focus: Weekly Forex Analysis (13th – 19th July 2025)
By Chris Lee | Originally published on DailyForex.com
Heading into the third week of July 2025, the Forex market landscape remains highly sensitive to various macroeconomic indicators and geopolitical developments. Traders are vigilantly tracking key currency pairs for potential breakouts, trend continuation, or reversals. Technical analysis remains pivotal in identifying crucial support and resistance zones, potential entry/exit points, and confirming price action signals.
Below is a detailed technical outlook for major and notable currency pairs for the trading week of July 13 to July 19, 2025.
EUR/USD – Euro Exhibits Strength, But Faces Major Resistance
– The EUR/USD pair continues its upward bias, aiming for new highs after last week’s strong close above the 1.0900 psychological level.
– Momentum remains in favor of bulls after reclaiming short-term moving averages.
– Resistance stands at the 1.0980 – 1.1000 area, creating a potential hurdle for further upside.
– Should bulls manage a breakout above 1.1000, the next resistance can be seen at 1.1085 – the March 2025 high.
– Support rests at the 1.0880 and 1.0840 levels. A drop below 1.0840 would weaken the bullish structure and could invite sellers toward 1.0780.
Technical Indicators:
– RSI on the daily chart holds above the 50 mark but warns of a possible divergence.
– MACD shows a weakening bullish histogram but hasn’t yet triggered a bearish crossover.
– 50-day SMA is trending up and aligns near 1.0840, further reinforcing that area as key support.
Fundamentals to Watch:
– Eurozone CPI and industrial production data could inject fresh volatility.
– Ongoing speculation over ECB policy decisions and interest rate outlook remains in focus.
GBP/USD – Sterling Breakout Tested With Key Fundamentals Looming
– GBP/USD saw a decisive bullish move that took the pair back above the 1.2800 level last week, sparking speculations of a breakout continuation.
– Buyers are eyeing the 1.2900 and 1.2950 levels as technical targets.
– Weekly resistance lies at around 1.2980 – a breakout above this level could validate a longer-term bullish reversal.
– Key support sits at 1.2750, followed by 1.2680. Any breach below could signal false breakout risks.
Technical Indicators:
– Daily RSI hovers near overbought territory, suggesting either consolidation or a short-term pullback may occur.
– The MACD histogram signals re-acceleration to the upside but divergence from price could be a warning sign.
Factors to Monitor:
– UK inflation report and wage growth data due this week may significantly impact GBP sentiment.
– BoE officials’ statements and shifts in hawkish/dovish tone post-data could cause heightened price swings.
USD/JPY – Dollar-Yen Weakens Further, Risk of Bearish Extension
– The USD/JPY pair remains under selling pressure, now trading below the 144.50 level.
– Price action shows clear lower highs and lower lows – indicative of a strengthening bearish trend.
– Immediate support is located at 143.80, with 142.50 and 141.90 as major zones to watch for a continuation toward multi-month lows.
– Resistance stands at 145.50 – a price above that would weaken bearish momentum.
Technical Indicators:
– RSI on the
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