July Finale: GDP Ripples, GBP/USD Neckline & Aussie Support at .6500

Author

FX Rocket Profits
July 30, 2025

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End-of-Month Momentum and Critical Chart Floors

Market sentiment pivoted on the final trading day of July, with equities inching higher amid mixed U.S. GDP signals and tepid Treasury movements. Amid these macro tweaks, Cable is retesting its broken head-and-shoulders neckline, while the Aussie dollar probes a key support confluence around .6500. Trading decisively at these junctions could set the tone for August’s next leg.

⚡ Daily Broad Market Recap – July 29, 2025

  • quities modestly climbed as investors digested the U.S. GDP advance estimate and cautious Fed commentary.

  • Treasury yields traded in a narrow band, gold held near $3,360, and oil hovered around $68.

📊 GBP/USD Pullback to Broken Neckline?

  • GBP/USD is retesting the 1.3400 zone—the head-and-shoulders neckline broken earlier—within a Fibonacci retracement cluster at 38.2% and 61.8%.

  • A failure here could expose S2 at 1.3290, while a bounce would target R1 at 1.3550 and beyond.

📉 AUD/USD’s Trend Support Zone Near .6500

  • AUD/USD has retraced to a confluence of the ascending channel floor, the 61.8% swing retracement, and the S1 pivot near .6500.

  • Holding above this floor could reignite the uptrend toward .6600–.6650, while a break risks deeper support tests at .6450–.6400.

As July closes, this lineup delivers the full spectrum: a market pulse-check on GDP-driven sentiment, plus two tactical chart plays at pivotal floors. Whether you’re sizing up Cable’s retest or hunting for Aussie buying near the channel floor, these reads equip you with both the context and exact price levels to kick off August trades with confidence.

Happy Trading!

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