News & Feeds January 29, 2023

Weekly Forex Forecast (January 30 – February 3, 2023)

Today’s weekly Forex forecast covers the EURUSD, GBPUSD, USDJPY, AUDUSD, and XAUUSD (gold). Markets have some key decisions to make this week, including a terminal pattern on USDJPY and a potentially significant AUDUSD monthly close. video GBPUSD Forecast: Like EURUSD, GBPUSD remained sideways last week. It’s also still trading below the 1.2450 December high. chart That’s the level bulls need to clear on a daily closing basis. A daily close above 1.2450 would open up the next key resistance at 1.2670. Key support for GBPUSD this week is 1.2300, and below that is the September 26th trend line near 1.2200