About 9.5% of daily trades. Referred to as “Cable,” it’s volatile but widely traded due to the strength of the UK and U.S. economies
GBP/USD edges higher as softer UK jobs data eases pressure on the Bank of England, while dovish hints from Fed officials weigh on the US dollar. Market focus shifts to policy outlooks amid mixed economic signals on both sides of the Atlantic.
GBP/USD edges higher as softer UK jobs data eases pressure on the Bank of England, while dovish Fed comments and cooling US inflation data weigh on the dollar. Markets now factor in a slower BoE tightening path and potential Fed rate cuts later this year.
Forex Technical Major Pairs Analysis – July 18, 2025: EUR/USD consolidates within a symmetrical triangle, eyeing a breakout above 1.1150 or breakdown below 1.1070. GBP/USD faces resistance near 1.3020, with a cooling momentum suggesting potential range trading between 1.2880 and 1.3020. USD/JPY tests 158.00 amid divergent central bank policies. Traders should monitor key levels and momentum signals for strategic entries. #ForexAnalysis #MajorPairs
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Weekly Forex Forecast (July 21–25, 2025):
DXY faces crucial support at 104.00–104.30; a sustained break lower targets 103.70, while reclaiming 104.30 could open the way to 104.85 and beyond. EURUSD consolidates between 1.0810–1.0900; a breakout above 1.0900 risks a run to 1.0935, while a break below 1.0810 may drag price toward 1.0770. GBPUSD struggles under 1.2960 resistance—watch for a decisive move to confirm trend direction. EURAUD and XAUUSD setups also merit close attention amid key economic data releases. Stay tuned for shifts as central bank updates and PMI reports influence price action across these pairs.
This week’s Forex forecast covers crucial levels and setups for DXY, EURUSD, GBPUSD, EURAUD, and XAUUSD (July 21–25, 2025). Watch how the US Dollar Index battles resistance near 104.70, EURUSD tests pivotal 1.0800 support/resistance, GBPUSD remains range-bound, EURAUD forms key reversal signals, and gold (XAUUSD) sits at a technical crossroads. Trade setups and price action insights from Justin Bennett at Daily Price Action aim to help traders navigate upcoming volatility. Stay tuned.
Weekly Forex Forecast (July 21–25, 2025):
DXY extends gains above key support at 104.90; bullish momentum intact with resistance near 106.00–107.20. EUR/USD remains in a downtrend, testing 1.0850 support; watch for rejection near 1.0960 resistance. GBP/USD eyes recovery but faces resistance around 1.2550. EUR/AUD stays under pressure amid Euro weakness; key support at 1.5400. Gold (XAU/USD) consolidates near $1,920, awaiting catalysts from inflation and Fed cues. Monitor macro data and central bank signals for directional clues. #ForexForecast #DXY #EURUSD #GBPUSD #EURAUD #Gold
Weekly Forex Forecast July 21–25, 2025: DXY teeters near resistance at 106.00; watch for a breakout or rejection shaping next moves. EURUSD holds under 1.0910, with support at 1.0790. GBPUSD consolidates between 1.2750–1.2900. EURAUD and XAUUSD show key levels to watch amid shifting risk sentiment. Stay tuned for trade setups and detailed analysis. Source: Justin Bennett, Daily Price Action.
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GBP/USD’s recent recovery faces significant challenges as UK economic and political headwinds persist, while the Bank of England leans toward easing amid sticky inflation. Meanwhile, the resilient US economy and Fed’s cautious “higher-for-longer” stance support the dollar’s safe-haven appeal. Technical resistance near 1.28–1.2850 may stall further gains.
Full analysis by Invest Macro via EconoTimes.
