Today's forex daily analysis of January 04, 2021 will discuss the movement of the closing of 2020 The pound strengthened against the US dollar. The pound had touched its highest level and exceeded the level reached in May 2018. The strengthening of the pound sterling was due to the weakening of the US Dollar. In addition, the Brexit agreement with the European Union has been able to encourage the strengthening of the Pound Sterling versus the Greenback. The plan to distribute the Covid-19 vaccine in the UK is the fastest compared to other countries in the world, this may make the UK the first to end the pandemic compared to other countries. The US dollar had touched a weakening level against other major currencies, and the lowest level in 3 years. This is due to the existence of a stimulus assistance package and is also affected by the Fed's less attractive interest rate. In addition, there is also still a dispute about the results of the US presidential election between Trump and Joe Biden. This dispute is about Joe Biden's victory which is opposed by supporters of Donald Trump.
Forex Daily Analysis Predictions
Today's FOREX prediction on the GBPUSD pair is expected to continue its rise, and the recommended OP (Open Position) is
BUY at the level of 1.37000. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
| Preference |
BULLISH |
| Target Profit 1 |
1,37100 |
| Target Profit 2 |
1,37200 |
| Stop Loss 1 |
1,36950 |
| Stop Loss 2 |
1,36900 |
This the daily analysis of forex on January 04, 2021. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of
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