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24
07, 2026
23
07, 2026
The EURJPY approaches the initial target– Forecast today – 23-7-2026
Platinum price provided positive closes above $1605.00 level, attempting to confirm the bullish corrective scenario, to rally towards $1655.00 level, confirming the bullish corrective scenario, to rally towards $1655.00 level, benefiting from the continuation of providing positive momentum by stochastic rally above 50 level in the last period.
We expect renewing the bullish attempts in the current period, pushing the barrier at $1690.00 to form initial target for the current trading, and surpassing it will extend the trading towards $1740.00 reaching $1790.00 resstance.
The expected trading range for today is between $1620.00 and $1690.00
Trend forecast: Bullish
23
07, 2026
EUR/JPY Price Forecast: Euro trims gains but holds above previous highs at 186.32
The Euro (EUR) is giving away previous gains against the Japanese Yen (JPY) on Thursday, as investors position for the European Central Bank’s (ECB) monetary policy decision. The EUR/JPY pair, however, remains positive in daily charts, trading at the highest levels in nearly three months, with dips contained above previous highs at the 186.30 area.
Markets are focusing on the ECB’s monetary policy decision, due later on the day. The bank is widely expected to leave its benchmark Rate on Deposit Facility at the current 2.25%, and leave the door open for further monetary tightening, as the recent rally in Oil prices points to higher inflationary pressures in the near-term.
The Yen, on the other hand, remains broadly offered with the wide divergence between the Bank of Japan and the rest of the major central banks’ monetary policies acting as headwinds for JPY rallies. Bloomberg reported on Wednesday that the BoJ is ready to accelerate its monetary normalisation cycle, although investors have remained sceptical.
Technical Analysis: Correcting lower from overbought levels
EUR/JPY trades at 186.44 with the bullish bias intact as the pair corrects lower after reaching overbought territory. The 4-hour Relative Strength Index (14) at 65 sits within bullish levels, while the Moving Average Convergence Divergence (MACD) indicator remains slightly positive, hinting that upside momentum is still constructive.
Bearish attempts remain contained at the mid-June highs in the 186.30 area, closing the path towards last week’s highs at the 186.00 area and Tuesday’s lows at 185.78. On the topside, initial resistance appears at the intraday highs of 186.65, which is also the 161.8% Fibonacci extension of the June 21-22 rally. Further up, the area between the 261.8% Fibonacci extension of the mentioned cycle at 187.44 and the April 30 high, at 187.55, emerges as the next target.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.00% | 0.02% | 0.13% | -0.05% | -0.03% | 0.31% | 0.04% | |
| EUR | 0.00% | 0.03% | 0.15% | -0.05% | -0.02% | 0.36% | 0.04% | |
| GBP | -0.02% | -0.03% | 0.11% | -0.09% | -0.06% | 0.32% | 0.01% | |
| JPY | -0.13% | -0.15% | -0.11% | -0.20% | -0.17% | 0.17% | -0.11% | |
| CAD | 0.05% | 0.05% | 0.09% | 0.20% | 0.02% | 0.37% | 0.08% | |
| AUD | 0.03% | 0.02% | 0.06% | 0.17% | -0.02% | 0.37% | 0.09% | |
| NZD | -0.31% | -0.36% | -0.32% | -0.17% | -0.37% | -0.37% | -0.30% | |
| CHF | -0.04% | -0.04% | -0.01% | 0.11% | -0.08% | -0.09% | 0.30% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
23
07, 2026
EUR/GBP Forecast 22/07: Sterling Pullback Risk Grows
The Euro rose against the British pound on Tuesday, as the selling may have gotten a bit overdone here. With this, there are a few potential moves that I am watching in this pair.
EUR/GBP
The Euro rose against the British pound during trading on Tuesday as we have reached towards the 0.8550 level. This is an area that’s been resistance previously, and now it has shown itself to be so again. If we could break above the 0.8550 level, then it opens up the possibility of a move to the 0.86 level, which was a major support level.
Ultimately, this is a market that continues to see a lot of volatility and choppiness, and quite frankly, most of what we have seen to the downside more or less focused on the idea that the incoming Prime Minister in the United Kingdom was bringing in some cabinet members that would be a little bit more fiscally responsible. That being said, the market has turned around, and it does look like it’s trying to overcome that 0.8550 level.
Key Technical Levels and Market Dynamics
If it does, then it would not surprise me at all to see this market re-enter the consolidation area we had been in previously, which of course had the floor of 0.86 and the ceiling of 0.8750.
If we fail, then a return to the 0.85 level would not be a huge surprise. Signs of exhaustion probably have people looking to short this pair, as it gives you an opportunity to follow the most recent swing.
The market has seen the British rates over 5% in the 10-year yield for some time, and that is also something to keep in mind: the interest rate differential, so it does favor the downside, but the question at this point is, did we get a little overdone with our selling?
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Christopher Lewis is a technical analyst and market commentator at DailyForex with more than two decades of trading experience in Forex and other leveraged markets. Based in Columbus, Ohio, he specializes in chart-based analysis of major currency pairs, stock indices, commodities, and energy markets, focusing on clear support and resistance levels, trend structure, and risk management. Christopher produces daily written and video analysis for traders who rely on technical setups to navigate volatile market conditions
As seen on: Pairs Of Aces Podcast,The Trader Guy, FXEmpire
23
07, 2026
Pound Sterling Forecast: Politics and Jobless Claims in Focus for GBP
– Written by
Minesh Chaudhari
STORY LINK Pound Sterling Forecast: Politics and Jobless Claims in Focus for GBP
The Pound to US Dollar (GBP/USD) exchange rate traded without a clear direction on Wednesday as investors assessed the latest UK inflation figures.
At the time of writing, GBP/USD was changing hands at approximately $1.3367, little changed from the start of Wednesday’s session.
The Pound (GBP) remained broadly stable after the Office for National Statistics (ONS) published June’s consumer price index.
The report showed headline inflation eased from 2.8% to 2.6%, falling below expectations for a more modest slowdown to 2.7% and marking the weakest annual rate of price growth since March 2025.
Ordinarily, a softer inflation reading would have weighed more heavily on Sterling by reinforcing expectations that the Bank of England (BoE) will be under less pressure to tighten monetary policy again this year.
However, losses were limited as core inflation proved more resilient than expected. Investors also remained mindful that the recent surge in energy prices, driven by renewed tensions in the Gulf, could cause inflationary pressures to strengthen again over the coming months.
The US Dollar (USD) regained momentum on Wednesday as escalating tensions in and around the Strait of Hormuz dampened global risk appetite.
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An intensification of the conflict and continued disruption to one of the world’s most important shipping routes pushed Brent crude close to $95 per barrel, heightening concerns over global energy supplies and prompting investors to favour traditional safe-haven currencies.
The jump in oil prices also fuelled speculation that higher energy costs could keep US inflation elevated, supporting expectations that the Federal Reserve may need to maintain a restrictive monetary policy stance for longer.
Near-Term GBP/USD Forecast: Political Developments Could Drive Sterling
Looking ahead to Thursday, the UK economic calendar is relatively quiet following a busy run of domestic data releases, leaving political developments as a potential driver of the Pound to US Dollar (GBP/USD) exchange rate.
Investors will continue monitoring the reaction of the gilt market to Andy Burnham’s first days as Prime Minister. Any renewed concerns over the government’s fiscal plans or borrowing strategy could limit support for Sterling.
Meanwhile, the US Dollar may come under modest pressure if the latest US initial jobless claims figures reveal a further increase in unemployment benefit applications, potentially reinforcing expectations of a softer US labour market.
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TAGS: Pound Dollar Forecasts
23
07, 2026
What is in store for the Japanese Yen after posting fresh multi-decade high above 163.00?
The Japanese Yen (JPY) hovers near a multi-decade high at around 163.24 against the US Dollar (USD) during the early European trading session on Wednesday. The USD/JPY pair reflects significant strength as the Japanese currency underperforms due to surging Oil prices.
Oil prices have increased further as global energy supply risks have escalated due to the closure of the Bab el-Mandeb Strait by Yemen’s Iran-aligned Houthis.
Higher oil prices bode poorly for currencies from economies, such as Japan, which rely heavily on energy imports.
Sheer weakness in the Japanese Yen has increased hopes of Japan’s intervention in the FX market. Earlier in the day, Japan’s Finance Minister (FM) Satsuki Katayama said that the authorities will take necessary steps on the foreign exchange if necessary. However, she declined to comment on specific forex levels.
Going forward, investors will focus on Japan’s National Consumer Price Index (CPI) data for June, which will be released on Friday.
USD/JPY technical analysis
Bias: USD/JPY trades firmly at around 163.20 at press time. The overall bias is bullish as the 20-day Exponential Moving Average (EMA) slopes higher at around 162.15 and the reclaimed upward support trend line around 162.16, which both now underpin the bullish near-term bias.
Momentum: The Relative Strength Index (14) stands at 65.94, staying in positive territory just shy of classic overbought thresholds and suggesting that upside momentum remains constructive, though increasingly stretched.
Pattern: There is a Rising Wedge formation on the daily chart, which generally leads to a bearish reversal after a strong rally. However, the pair could extend the rally if it breaks the chart pattern on the upside above the upper border, which is around 163.50.
Resistance: USD/JPY could extend its advance towards 164.00 once it breaks above the immediate hurdle of 163.50.
Support: On the downside, initial support is clustered in the 162.15–162.16 area, where the 20-day EMA and the former breakout point of the rising trend line converge as a key demand zone before any deeper correction can develop.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Japanese Yen FAQs
The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.
23
07, 2026
EUR/USD Analysis 22/07: Markets Await the ECB as Key Levels Come into Focus (chart)
EUR/USD Analysis Summary Today
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Overall Trend: Medium-term bearish, with the potential for short-term corrective rebounds before resuming the primary trend.
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Support Levels for EUR/USD Today: 1.1380 – 1.1320 – 1.1250
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Resistance Levels for EUR/USD Today: 1.1445 – 1.1500 – 1.1530
EUR/USD Trading Signals:
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Buy scenario: Buy from the support level of 1.1330, targeting 1.1500, with a stop-loss order placed below 1.1250.
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Sell scenario: Sell from the resistance level of 1.1500, targeting 1.1380, with a stop-loss order placed above the resistance level of 1.1560.
Technical Analysis of EUR/USD Today
In the short term, the EUR/USD pair is trading within a descending price channel characterized by lower highs and lower lows, reflecting continued seller dominance over the near horizon. Meanwhile, the 14-period Relative Strength Index (RSI-14) is approaching oversold territory—a sign that negative momentum is beginning to wane, thereby increasing the likelihood of a limited technical rebound before the next direction is established.
Accordingly, 1.1375 remains the primary support level to watch, as a break below it could open the way toward 1.1355 and potentially lower levels. Conversely, if price manages to hold above this support, we may see a rebound toward 1.1430 followed by 1.1455.
Over the medium term, the general trend for the Euro against the US Dollar still leans negative. Price action continues inside a descending channel on the daily timeframe, pointing to sustained selling pressure despite recent recovery attempts. Nevertheless, the RSI bouncing from near-oversold levels suggests a slowdown in selling momentum, with the potential for the upward correction to extend if the pair manages to hold above current support levels.
Under this scenario, price may move to test the psychological resistance level at 1.1500, while 1.1620 represents the next technical target in the event of a clear breakout.
However, if buyers fail to maintain positive momentum, the pair could return to test 1.1300, with the decline potentially extending toward 1.1180 should selling pressure intensify.
Fundamental Analysis: EUR/USD
Trading in the EUR/USD pair on trusted broker platforms reflects a cautious atmosphere as investors weigh improving European economic data against sustained strength in the US Dollar, all while markets eagerly await the European Central Bank (ECB) rate decision, which could serve as the primary driver for the pair in the period ahead.
German ZEW index data showed a notable improvement in investor sentiment for July, with the Economic Sentiment Index rising to 26.3 points compared to 10.5 points in June, outperforming market expectations. Additionally, the Current Conditions Index recorded -77.6 compared to -81.0 in the previous month.
This improvement extended across the broader Eurozone, where the ZEW index rose to 23.4 points, signaling growing optimism regarding the outlook for the European economy and providing relative support for the shared currency.
Meanwhile, German producer price data showed continued easing of inflationary pressures, giving the European Central Bank (ECB) room to maintain its current approach without needing to tighten monetary policy further.
Market focus now shifts to the ECB interest rate decision and President Christine Lagarde’s press conference, where market participants will look for any signals regarding the path of interest rates over the coming months. Any tone more hawkish than expected could provide the Euro with an upward boost, whereas cautious or dovish remarks could trigger renewed selling pressure on the pair.
Today’s Outlook Summary:
From a technical standpoint, the overall trend remains tilted to the downside; however, price proximity to key support zones alongside waning bearish momentum may allow the short-term corrective rebound to continue. The next major directional move for the EUR/USD pair will likely be determined following the ECB decision, alongside US Dollar developments and overall market risk sentiment.
Trading Tips:
market volatility is expected to spike in tandem with the ECB rate decision and any high-impact US economic data releases. Therefore, it is strongly advised to adhere strictly to risk management practices, utilize stop-loss orders, and avoid opening oversized positions ahead of key data announcements.
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22
07, 2026
The GBPJPY remains positive– Forecast today – 22-7-2026
Copper price formed bullish rally yesterday, achieving some gains by reaching $6.490 level, approaching the barrier at $6.5100, representing a confirmation key for activating the bullish trend.
The price might be forced to form some sideways trading, however the continuation of providing positive momentum by the main indicators will increase the chances of surpassing the current barrier, to expect targeting new positive stations that might begin at $6.6100 and $6.7300.
The expected trading range for today is between $6.3500 and $6.6100
Trend forecast: Bullish
22
07, 2026
The EURJPY begins to rise– Forecast today – 22-7-2026
Copper price formed bullish rally yesterday, achieving some gains by reaching $6.490 level, approaching the barrier at $6.5100, representing a confirmation key for activating the bullish trend.
The price might be forced to form some sideways trading, however the continuation of providing positive momentum by the main indicators will increase the chances of surpassing the current barrier, to expect targeting new positive stations that might begin at $6.6100 and $6.7300.
The expected trading range for today is between $6.3500 and $6.6100
Trend forecast: Bullish
22
07, 2026
The EURGBP recovers some losses– Forecast today – 22-7-2026
The EURGBP activated the bullish corrective trend after reaching 0.8455 level, attempting to recover some losses by targeting 0.8538 level, forcing it to form some sideways trading by its fluctuation near 0.8520.
Note that the contradiction of the main indicators besides forming a key barrier at 0.8553 level against the current trading supports the chances of renewing the negative attempts, to expect reaching 0.8495, then attempting to renew the pressure on 0.8455 barrier to find an exit for resuming the bearish trend in the upcoming period trading.
The expected trading range for today is between 0.8495 and 0.8548
Trend forecast: Fluctuating