Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD, XAUUSD (June 29 – July 3, 2020)

Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, USDJPY, USDCAD, and XAUUSD through July 3, 2020. Watch this video before trading these currency pairs!

RESOURCES & LINKS:
_____________________________________________

Become a YouTube channel member and receive 5-10 analysis videos each week!
2PKnKJD

Subscribe to Justin’s Channel Today:
2lTRJCh

Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD, XAUUSD (June 29 – July 3, 2020)
setups/forex-forecast-june-29-july-3-2020/

Need help with your trading? Join DPA today!
lifetime-membership

Download Justin’s Forex Charting Platform:
lp/dailypriceaction
_____________________________________________

EURUSD Forecast
_____________________________

The EURUSD gave up the 1.1230 support level last week after breaking above it on June 22nd.

However, buyers managed to hold the euro above the falling wedge resistance I mentioned in last week’s forecast.

That area comes in near 1.1200.

Continue reading…
setups/forex-forecast-june-29-july-3-2020/

GBPUSD Forecast
_____________________________

GBPUSD ended last week where it started.

Following a 200 pip rally between Monday and Tuesday, sellers took over to close the pair at breakeven for the week.

Notice where GBPUSD encountered selling pressure, though.

USDJPY Forecast
_____________________________

The USDJPY monthly chart below is all that matters for the pair, in my opinion.

The daily and even weekly time frames are too choppy to make any reasonable assumptions about the market’s likely future direction.

I’ve mentioned this wedge before, including in my June 2nd post.

Continue reading…
setups/forex-forecast-june-29-july-3-2020/

USDCAD Forecast
_____________________________

USDCAD recovered nicely last week.

On June 12th, I wrote that USDCAD buyers needed to hold 1.3560.

XAUUSD Forecast
_____________________________

XAUUSD (gold) broke out from its sideways consolidation on Monday.

We’ve been anticipating a break higher given the uptrend that has been in place since late 2018.

Continue reading…
setups/forex-forecast-june-29-july-3-2020/

Subscribe: 2lTRJCh to learn more Forex tips and strategies.
Get free Forex setups: setups
Read more on my blog: blog

#EURUSD #GBPUSD #USDJPY #USDCAD #XAUUSD #Forex

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Daily Price Action, its employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.