Top Forex Brokers – Forex Weekly news and analysis For July 21 – 27, 2025
Economic calendar highlights
Sunday, July 20
Although the event happened last week, it could still weigh heavily on JPY as political uncertainty grows. The ruling Liberal Democratic Party has lost its majority, and talk of Prime Minister Ishiba stepping down is adding to the pressure.
Thursday, July 24
Stronger jobless claims and PMI data on Thursday would signal US economic resilience, likely lifting the dollar and weighing on gold. Weaker figures could boost Fed rate cut expectations, pushing the dollar down while supporting gold and risk assets.
USDJPY (H4)
USDJPY has pulled back after a solid uptrend and is now testing the key 147.90 resistance zone. The 50-MA adds another layer of resistance, but the RSI is pushing toward the 50-line.
•A breakout above 147.90 could open the way to 148.80.
•If the breakout fails, the pair may slide back toward 147.00.
XAUUSD (H4)
Gold is trading within an ascending channel and has just pulled back from its upper boundary near the 3400 resistance. A minor correction could follow before any further upside.
• Consider a short position on XAUUSD if the price breaks below the 3375 support, with a target at 3345.
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*Tips and analytics do not constitute a call to trade, trading advice or recommendation and are for information only.
