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21.07.2025 11:22 AM
Weekly Forecast Using Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and USD Dollar Index – July 21st

GBP/USD

Analysis: The British pound continues its downward movement, which began a month ago. After breaking a strong intermediate support level last week, the pair rebounded, forming a correction along that level. The wave structure indicates that the final segment (C) is still missing.

Forecast: A sideways trend is expected in the coming week within the corridor between the nearest counter-zones. An upward movement is more likely in the early part of the week. A reversal and resumption of the decline toward the support zone are expected near the calculated resistance area.

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Potential Reversal Zones

  • Resistance: 1.3460/1.3510
  • Support: 1.3280/1.2800

Recommendations:

  • Buying: Risky, possible in individual sessions using small volume sizes.
  • Selling: Preferable after confirmed reversal signals near resistance.

AUD/USD

Analysis:Since late June, an upward wave has been forming on the Australian dollar chart. In recent weeks, the price has been forming a horizontal corrective wave. The upward segment that began late last week is nearing completion and has reversal potential.

Forecast: Sideways movement is expected early in the week, with a decline toward the support zone. A reversal and resumption of the upward trend may follow. If the trend reverses, volatility may spike, potentially causing a brief breakout below support.

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Potential Reversal Zones

  • Resistance: 0.6570/0.6620
  • Support: 0.6480/0.6430

Recommendations:

  • Selling: No clear potential.
  • Buying: Become relevant after confirmed reversal signals near support.

USD/CHF

Analysis: The downward wave that began at the start of the year continues to form in the USD/CHF chart. The latest segment started on May 12. A correction has been forming in recent weeks, but its structure is still incomplete.

Forecast: A sideways movement is expected throughout the week. Some pressure on the resistance zone may occur in the early days. A resumption of the downward trend is more likely toward the weekend. A breakout below the support zone is unlikely this week.

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Potential Reversal Zones

  • Resistance: 0.8040/0.8090
  • Support: 0.7880/0.7830

Recommendations:

  • Buying: Risky, only for intraday trades with small volume sizes.
  • Selling: May become the primary strategy once your trading system confirms signals at reversal points.

EUR/JPY

Analysis: The short-term bullish wave pattern in the EUR/JPY pair that began on May 23 is still unfolding. Over the last two weeks, the price has been drifting sideways, forming a corrective pullback along a recently broken support/resistance level. The structure is now in its final phase.

Forecast: The first half of the week is expected to show a downward trend. A transition to a sideways range and a reversal could form near the support zone. A resumption of upward movement is more likely by the end of the week or shortly after.

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Potential Reversal Zones

  • Resistance: 174.20/174.70
  • Support: 172.30/171.80

Recommendations:

  • Selling: Very high risk; conservative traders should avoid entry.
  • Buying: Can be used once confirmed reversal signals appear near support.

AUD/JPY

Analysis: Since early April, the AUD/JPY pair has been forming an upward wave. Over the past 1.5 months, price action has been mostly sideways, forming a shifting flat. The wave structure is not yet complete.

Forecast: A general sideways trend is likely at the beginning of the week, possibly with a decline toward support. A resumption of the upward trend is expected closer to the weekend. The calculated resistance zone aligns with the lower boundary of the preliminary target range for the current wave.

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Potential Reversal Zones

  • Resistance: 100.00/100.50
  • Support: 96.00/95.50

Recommendations:

  • Selling: Only suitable for intraday trades using small volumes; limited by support.
  • Buying: Can become the main strategy after confirmed reversal signals near support.

USD Dollar Index

Analysis: The US Dollar Index continues its downward trend that began in February. The latest segment started on May 12. Throughout the past month, a rising segment has formed within a sideways correction, and its structure is nearing completion.

Forecast: A continuation of the upward trend is expected in the coming days, potentially reaching the calculated resistance zone. In the second half of the week, a reversal is likely, followed by a return to the downward trend toward the support zone.

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Potential Reversal Zones

  • Resistance: 98.50/98.70
  • Support: 97.10/96.90

Recommendations: The current temporary weakening of national currencies will likely be followed by another phase of strengthening. This weakening is expected to be short-lived, so traders should prepare for a longer period of buying national currencies.

Notes: In Simplified Wave Analysis (SWA), all waves consist of three parts (A-B-C). Only the last, unfinished wave is analyzed on each timeframe. Solid arrows indicate the formed structure; dashed arrows show expected movement.

Important: The wave algorithm does not account for the time duration of price movements.

Isabel Clark,
Analytical expert of InstaForex
© 2007-2025
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