Juli 23, 2025

Daily Outlook – 23nd July 2025

GBPJPY & EURJPY look choppy with limited setups. GBPAUD remains bullish on 4H but could offer buys or sells depending on Asia zone breaks. NY update later today.

Both pairs look a bit choppy today, with no clean zones to work with.
• On GBPJPY, I’ve identified a minor potential zone – the previous London session zone.
If price breaks above and gives a retest, it could offer a potential buy setup.

• On EURJPY, I currently see nothing of interest – no clear structure or reliable zones.

• The pair remains bullish on the 4H timeframe, so we continue to focus on buy opportunities.
However, there’s also potential for a sell setup if conditions shift.

Buy Setup:
Break above previous Asia High + clean retest = possible long entry

Sell Setup:
Break below previous Asia Low + retest = potential short opportunity,
even though the higher timeframe bias remains bullish

I’ll wait for confirmation and let the market guide the direction.