Forex Trading JPY on Elections and Trade Talks. Gold XAUUSD in Ascending Triangle. ECB Interest Rates this Week.
Bitcoin Consolidating in Symmetrical Pennant

In today’s GCI Market Outlook, let’s take a look at Forex Trading on Bitcoin, BTCUSD, Gold, XAUUSD, EURUSD, NZDUSD, GBPJPY, and NZDJPY.
Over the weekend, an election in Japan did not go as planned for the ruling party.
We saw JPY volatility and a new threat with a US/Japan trade deadline looming.
This looks like a gap trade, but if we zoom into the 30-minute chart, we can see the volatility.
The uptrend is obviou,s but be careful…anything can happen before the deadline of 1 August.
Next week, 31 July, we have a BoJ interest rate decision, and inflation is picking up in Japan…hence the political crisis.
Take a look at all JPY pairs like USDJPY and GBPJP,Y and you will see that every pair had this volatility.
GBPJPY opened with a genuine gap, and you may want to treat it as a range trading opportunity.
But, take a look at GBP as it is weak these days.
Last time we looked at a potential short opportunity on many USD pairs, and look what happened.
Price action bounced off the upper trend line and fell on pairs like NZDUSD and EURUSD.
Speaking of EURUSD, we have economic news on Thursday affecting both currencies, including lots of PMIs and an interest rate decision from the ECB.
We are still monitoring this ascending triangle on gold, but keep an eye on geopolitical events and USD.
We can’t quite call a symmetrical pennant on Bitcoin, as we only have 2 intersection points each on the trend lines.
We have some bullish technical,s and we will keep an eye on support and resistance and news of new crypto legislation globally.
That’s all for now.
CFDs and FX are leveraged products, and your capital may be at risk.
Latest Analysis
- WTI Crude Oil Approaching Resistance. Forex Trading Gold XAUUSD at All-Time High! Silver XAGUSD at 14-Year High. September 02, 2025 03:18 AM
- Buy the Dip on the S&P500 and NASDAQ? Forex Trading Short on NZDUSD and Gold XAUUSD. August 29, 2025 07:37 AM
- Forex Trading on Economic News. Trading Short AUDUSD. NVIDIA Earnings Tomorrow. August 26, 2025 03:50 AM
- Jackson Hole, BoE, BoJ in Focus. Forex Trading Short on Silver XAGUSD. August 22, 2025 08:33 AM
- Silver XAGUSD Forming Head and Shoulders Pattern. Forex Trading Reversals on NZD Pairs. Brent Crude Oil in Symmetrical Pennant. August 20, 2025 02:50 AM
- Forex Trading Long on GBPUSD. Gold XAUUSD Forming Symmetrical Pennant? Trading Short on Brent Crude? August 15, 2025 06:20 AM
- Forex Trading on Today’s US CPI Inflation Figures. Trading Long on AUDCAD & AUDJPY? August 12, 2025 08:17 AM
- Forex Trading EURGBP Post BoE Interest Rates. US Indices Fall on Tariffs: Buy the Dip? August 08, 2025 03:25 AM
- NASDAQ and S&P 500 Recovery. USD Consolidating After NFP Weakness. Forex Trading Long on Silver? August 05, 2025 01:51 AM
- Forex Trading and Buying the Dip on Silver XAGUSD. Global Indices Fall on Tariff Threats: Buying Opportunity on DAX and S&P500? August 01, 2025 06:52 AM
Open an account in minutes
Trade on our award-winning platforms with ultra-fast and ultra-secure execution.
OPEN AN ACCOUNT