The daily forex analysis of January 14, 2021 will discuss the movement of the Pound Sterling against the US Dollar in Thursday's trading today in the Asian session moving weaker. This weakness is due to the strengthening of the Greenback against other major currencies. The US dollar received support from the US dollar buying action carried out by market participants due to the American political situation regarding the potential impeachment charges of President Donald Trump. Investors are still hoping for a larger US fiscal stimulus plan, and the plan will be announced by President-elect Joe Biden today. The US House and Senate have agreed to impeach President Donald Trump based on the results of the vote that will be announced on Thursday, January 14, 2021 today. However, the trial against Trump will not be held by the US parliament until next week, due to the agenda of the inauguration of president-elect Joe Biden. Investors are also looking forward to a speech from US central bank governor Jerome Powell at 00:30 WIB, as well as a stimulus policy plan for the bailout package that will be announced by US president-elect Joe Biden today. Joe Biden today (Thursday, January 14, 2021) will reveal details about the plan for a stimulus package with the amount of "trillions of dollars" to help people affected by the Corona pandemic. Expectations for a larger amount are expected to boost economic growth that had been stagnant and are also expected to lift US bond yields. However, many analysts estimate that the strengthening of the US Dollar is temporary, due to the growing market sentiment for a larger Covid-19 relief package stimulus package. In the long run, it will weaken against the American currency. However, market participants still hold firm that the US dollar is one of the safe haven assets amid political turmoil and uncertain market conditions.
Forex Daily Analysis Predictions
Today's FOREX prediction on the GBPUSD pair is expected to decline and the recommended OP (Open Position) is
SELL at the level of 1.36200. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
| Preference |
BEARISH |
| Target Profit 1 |
1,36100 |
| Target Profit 2 |
1,36000 |
| Stop Loss 1 |
1,36250 |
| Stop Loss 2 |
1,36300 |
This the daily analysis of forex on January 14, 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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