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USD/JPY bounced off key support ahead of ISM surveyAfter Friday's weak jobs report and the downward revisions to prior readings, the mood shifted towards the dollar, with markets leaning towards the Fed delivering more than a couple of rate cuts this year. But we have seen a bit of a recovery in the USD since, suggesting investors are either expecting employment to pick up again or inflation to remain sticky amid higher tariffs. Today’s attention turns to the ISM services report for July, where a modest uptick is expected. Should that materialise, it could give the dollar some further support following Friday’s wobble. We’ll also be hearing from Fed officials Susan Collins and Lisa Cook on Wednesday – and their comments may well shape expectations heading into the autumn. Ahead of these events, the USD/JPY has bounced off the key support range we highlighted yesterday, between 146.00-147.00 area. A close below this zone would be a bearish outcome, but while it continues to hold we would favour looking for bullish trades than bearish ones. 148.60 then 150.00 are the next key levels to watch on the upside. By Fawad Razaqzada, market analyst with FOREX.com
by FOREXcom
XAUUSD 30M – Stuck in a Range, Waiting for a Clean BreakGold is currently moving within a tight range between $3,385.01 (resistance) and $3,358.87 (support). Price has tested both edges multiple times, but without any clean follow through. The movement inside this zone is choppy and lacks momentum. While trades inside the range are possible, they carry more risk due to inconsistent structure and quick reversals. The better setup is to wait for a confirmed break on either side. Key Levels: → A 30 minute candle close above $3,385.01 could bring buyers in, with upside targets near $3,389.09 and beyond. → A clean break and close below $3,358.87 would shift momentum to the downside and may open the path toward $3,353.25 or lower. For now, it’s a range with no clear dominance. Staying patient and waiting for a breakout gives better risk to reward. #XAUUSD #Gold #PriceAction #RangeSetup #BreakoutTrade #SupportResistance #30mChart
FOREXCOM:XAUUSD
by fxt8
XAUUSD – Decision Zone Between $3,395 & $3,362Gold continues to trade within a defined structure, now pulling back from local highs after rejecting near the open. Price is approaching key support just above $3,362, which now acts as the decision point for the next leg. Buyers held this zone previously, but momentum has weakened and the next move will be critical: → $3,395.76 is the upside trigger; a confirmed 30m close above could open the door toward $3,407 and higher → A failure to hold $3,362.60 support would expose $3,358 and possibly accelerate a bearish continuation → The structure remains range bound, but compression is building beneath resistance This is a pivotal zone for gold short term. Either bulls reclaim control with a strong breakout above $3,395 or sellers step in on a confirmed breakdown below $3,362 to reset structure lower. #XAUUSD #GoldAnalysis #PriceAction #BreakoutLevels #SupportResistance
FOREXCOM:XAUUSD
by fxt8
AUDUSD 4Hour TF - August 3rd,2025🟦 AUDUSD 4H Analysis Bearish Idea 📅 August 3, 2025 🔹 Top-Down Trend Bias: • Monthly – Bearish • Weekly – Bearish • Daily – Bearish • 4H – Bearish AUDUSD remains in a clear downtrend across all major timeframes. Current price action shows a corrective move off recent lows but all signs point to this being a temporary pullback, not a reversal. 🔍 Key Zone: 0.6485 – 0.6528 This zone aligns with the 61.8% fib retracement, and previous structure making it a high probability rejection area. ✅ Scenario A: Bearish Continuation (Blue Path) 1.If price taps into 0.6485–0.6525 and rejects 2.Look for bearish confirmation (engulfing, lower high, break of structure) Target 1: 0.6426 (previous low) Target 2: 0.6398 Extended Target: 0.6350 This is the trend following setup, most probable given full HTF alignment. ⚠️ Scenario B: Bullish Breakout (Orange Path) If price breaks and closes above 0.65000 1.Could signal short term shift with upside potential toward 0.6550 2.However, this is a counter-trend idea and lower probability unless higher timeframes begin shifting 🧠 Final Notes • Bias remains bearish until proven otherwise • Watch for confirmation at the fib/trendline confluence zone • Patience > prediction
Short
by ForexLeague