Intraday Analysis 30.07.2026

USDJPY(Yen) pushes lower

The USDJPY(Yen) gained some momentum against the dollar as the pair hit a heavy rejection.

• Prices were hitting double tops, but a bearish divergence suggested a deceleration in the upward momentum.
• 163.60 is now a firm support, and its breach would force leveraged long positions to close and trigger a correction towards 162.80.
• 164.00 is a key level to expect bulls to test to keep the upward bias intact.

XAUUSD finding more buyers

Bullion hit a firm rally as the Federal Reserve held firm with its interest rate.

• The price seems to have secured a foothold around the 4070 level, with 4100 on the horizon.
• A series of higher highs combined with a tentative break above 4050 suggests mounting buying pressure.
• On the downside, 4040 is the immediate target to maintain some momentum.

USOIL tests key resistance

WTI capitalises on ongoing Middle East tensions as the U.S. looks towards further retaliation.

• A bounce off the critical top towards 86.00 shows that sellers have not thrown in the towel yet.
• The narrowing consolidation is due for a breakout, which will dictate the next move.
• The previous swing high of 88.50 is a major hurdle to lift before bulls can hope for a further rally.
• Conversely, 82.00 is the first support and the bulls’ last stronghold to prevent a bearish retreat.
  

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