Forex Forecast for EURUSD, GBPUSD, USDJPY, EURAUD, XAUUSD (December 21 – 25, 2020)

Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, EURAUD, and XAUUSD through December 25, 2020. Watch this video before trading these currency pairs!

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Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, EURAUD, XAUUSD (December 21 – 25, 2020)
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EURUSD Forecast
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The EURUSD has worked out beautifully since closing above 1.20 on December 1st.

I discussed that breakout before it occurred several times on this site.

I also announced my November 27th long entry on the Daily Price Action membership site.

Continue reading…
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GBPUSD Forecast
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The GBPUSD bullish scenario that I’ve mentioned recently is alive and well.

We’ve reviewed the bullish potential several times on this site.

However, GBPUSD needs to close a month above falling wedge resistance near 1.3380 to confirm the breakout.

USDJPY Forecast
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The USDJPY just closed the week below an eight-year trend line.

I mentioned this level on December 9th, where I stated that a weekly close below 103.60 would open the door to 101.00.

That’s the location of the trend line from late 2012.

Continue reading…
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EURAUD Forecast
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I haven’t discussed the EURAUD for some time, mostly because the pair has been indecisive all year.

However, that appears to be changing.

Two weeks ago, EURAUD sellers secured a weekly close below a multi-year trend line.

XAUUSD Forecast
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We nailed the recent XAUUSD (gold) bottom near $1,750.

If you saw the November 28th forecast video, you know what I’m referring to.

Following that bounce from channel support, XAUUSD closed above $1,850 on December 7th.

Continue reading…
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