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John Fortune’s weekly outlook flags Fed-driven dollar weakness across EUR/USD, GBP/USD, USD/JPY, gold and bitcoin

by VT Markets
/
Sep 21, 2026

The piece promotes a weekly forex forecast video by John Fortune, focused on markets including EUR/USD, XAU/USD, GBP/USD, USD/JPY and Bitcoin, with broader coverage implied by the “and more” framing. It is presented as a regular weekend feature and is positioned as a weekly outlook on currency pairs, gold and crypto markets.

John Fortune is described as a professional trader and Head Analyst at Get Me Trading, with over a decade of experience in the financial markets. The forecast is said to cover over 30 markets each weekend, suggesting a multi-asset, multi-instrument approach delivered on a weekly cadence.

U.S. Dollar Outlook And Major Forex Pairs

We are keeping a close eye on the U.S. dollar as it faces pressure following the Federal Reserve’s recent interest rate decisions this September. With the fed funds rate projected to settle near 3.5% by the end of 2026, derivative traders should prepare for short-term dollar weakness. This macro shift creates high-probability breakout opportunities across major currency pairs in the coming weeks.

For EUR/USD, we expect the pair to test the critical 1.1200 resistance level as eurozone inflation stabilizes near the ECB’s 2% target. Meanwhile, GBP/USD remains sensitive to the Bank of England’s cautious rate stance, making buy-on-dip strategies attractive near the 1.3150 support zone. Traders should watch these key levels closely, using tight stop-losses to manage sudden volatility.

In the USD/JPY market, the Bank of Japan’s interest rate hikes have pushed the pair down from its historical peaks. We suggest looking for short positions on USD/JPY if it rallies back toward the 143.50 resistance area, targeting a drop toward 138.00. This trend reflects the ongoing unwinding of the yen carry trade that has reshaped forex markets over the past two years.

Gold And Cryptocurrency Forecasts

Gold continues to shine as lower global interest rates and geopolitical risks support its upward momentum. With spot gold hovering near the $2,620 per ounce mark in late September, we anticipate further consolidation before another push toward $2,700. Derivative traders should consider utilizing options or long CFD positions during temporary price pullbacks.

In the crypto space, Bitcoin is showing strong resilience as it consolidates in the $82,000 to $85,000 range. This lateral movement often precedes a sharp directional break, especially as institutional inflows through spot ETFs remain steady. We recommend waiting for a confirmed daily close above $86,000 before taking leveraged long positions to avoid false breakouts.

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