Weekly Trades: GBP/USD, EUR/USD, USD/JPY and EUR/AUD

Brian Twomey Brian's Investment

USD/JPY last week achieved target for + 500 pips. GBP/NZD despite a wild ride achieved target 1.0200's. AUD/JPY ended at small profit near entry and GBP/CHF was seriously off but deeply oversold.

GBP/USD

Long anywhere or 1.2261 to target 1.2759. Must cross 1.2284, 1.2379, 1.2474, 1.2569, 1.2664 and 1.2711.

Above 1.2854 targets 1.2949.

EUR/USD

Long 1.1079 and 1.1053 to target 1.1103.

Long above 1.1129 to target 1.1329. Must cross 1.1229 and deep caution 1.1250 and 1.1258 and 1.1308.

Short 1.1329 to target 1.1179. Must cross 1.1229.

USD/JPY

Long 105.69 and and 105.27 to target 106.51.

Long above 107.34 to target 108.98.

EUR/AUD

Short 1.7949 and 1.8001 to target 1.7241. Must cross 1.7713, 1.7595, 1.7477, 1.7359, and 1.7301. Any higher than 1.8001 is a bonus and particularly when the long term target is located at 1.5900's.

Author

Brian Twomey

Brian's Investment

Brian Twomey is an independent trader and a prolific writer on trading, having authored over sixty articles in Technical Analysis of Stocks & Commodities and Investopedia.

GBP/USD remains slightly bid near 1.3300

GBP/USD now advances marginally and manages to dispute the 1.3300 region on Tuesday. Indeed, Cable regains some balance on the back of the lacklustre performance of the Greenback, all preceding the Fed’s meeting on Wednesday and the BoE’s gathering on Thursday.

EUR/USD recedes from tops, back below 1.1400

EUR/USD manages to set aside part of the recent weakness and clinches decent gains on Tuesday. Indeed, spot keeps the trade below the 1.1400 mark amid acceptable losses in the US Dollar, all following rising optimism of a US-Iran deal and steady caution prior to the FOMC gathering on Wednesday.

Gold bounces on poor US data

Gold remains under marked downside pressure on Tuesday, although the $4,000 zone per troy ounce emerges as a decent support for now. The precious metal’s pullback comes despite the modest losses in the US Dollar in a context of easing geopolitical tensions ahead of the key Fed event on Wednesday.

XRP falls toward $1.00 despite dwindling exchange reserves

Ripple (XRP) continues to trade under increasing pressure on Tuesday. This marks the second consecutive day of declines, reflecting broader risk-off sentiment as investors appear to shift gears in anticipation of the Federal Reserve (Fed) interest rate decision. On Wednesday, the Federal Open Market Committee (FOMC) is widely expected to leave interest rates unchanged in the 3.50%-3.75% range.

Warning signs in the stock market: Is this the top, or just a very short fuse?

Overnight, South Korea's Kospi fell more than 10%, SK Hynix lost close to 15% and Samsung Electronics lost 13%. Into that, Dow Jones Industrial Average futures traded up around 1% on paint and soft drinks, and S&P 500 futures sat roughly flat. An index that absorbs a memory-chip panic and prints nothing is not a calm market.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.