• The planned tax hike and Covid-19 surge in the UK, limited the strengthening of the pound sterling.
In the daily analysis of GBPUSD 14 September 2021, we will discuss the movement of the British Pound Sterling against the US dollar in yesterday's market trading, dominated by weakness. The weakening of the pound sterling against the dollar occurred due to market participants' concerns about the tax hike plan that will be set by the British government. In addition to these concerns, the weakening of the pound sterling is also under pressure from the surge in Covid-19 cases in the UK. When the GBPUSD analysis today September 14, 2021 was written, the price of this currency pair was at the level of 1.38452. Although vaccination activities and distribution in the UK continue to be carried out, the number of people suffering from this new variant of Covid-19 has caused a significant spike. Both of these things have held the pound sterling stronger against the US dollar currency. For today's market movement, the pound sterling currency is predicted to try to strengthen against the US dollar. This is supported by the limited weakening sentiment of the US dollar against several other major currencies. Globally, the condition of the US dollar currency is still on its strengthening path. The strengthening of the greenback is supported by market participants' confidence in the tapering plan which will continue to be implemented from the end of this year. Although on the other hand, the yield on US government bonds with a tenor of 10 years has decreased. The movement of this bond yield occurred after the previous day the movement of this bond yield was at its highest level. Many analysts predict that even though the value of this bond yield decreases with a limited range, the condition of the US dollar will still be on its strengthening path. This analyst's confidence is based on the optimism of Fed officials that the bond tapering plan can continue to be carried out starting this year.

What is GBPUSD Technical Analysis?

It is predicted that the trend will still be bullish or up with a limited range.
  • Pivot point = 1,38295
  • Support 1 = 1,38085
  • Support 2 = 1,37755
  • Support 3 = 1,37545
  • Resistance 1 = 1,38625
  • Resistance 2 = 1,38835
  • Resistance 3 = 1,39165
This the daily analysis of GBPUSD September 14, 2021. Still confused about how to read the analysis to be sure of profit? Don't worry, you can join the GIC Academy class. You can read more information about GIC and Forex on the GIC Blog. GIC Academy is a trading education platform for traders for beginners and professionals so that traders are more proficient in profit. This education can be in the form of webinars, e-books, or videos. There are many classes that you can take for free if you become a trader at GIC. Let's take a peek at the Forex Academy GIC! Don't forget to also take part in events at GIC such as Friday Barokah where you only guess the closing price of the gold pair at 21.00 WIB.