GBPUSD Daily Analysis Today : July 21, 2021 - Pound Sterling Weakens

The daily analysis of GBPUSD today, July 21, 2021, will discuss the causes of the movement of the Pound Sterling against the US Dollar. In Tuesday's trading, the British Pound weakened against the US Dollar, the weakening of the Pound Sterling was due to concerns among market participants about the increasing number of Delta variant sufferers in the UK. In addition, the strengthening of the US Dollar is also a pressure on the Pound. For today's market movement, the Pound Sterling currency is predicted to continue its weakness. This prediction is still dominated by the continued increase of the Delta variant in the UK. In addition, the US Dollar currency is still quite strong also weighs on the movement of the Pound Sterling. The US dollar currency moved in a condition of strengthening against several other major currencies in Tuesday's trading. The strengthening of the US dollar is due to the confidence of market participants in the infrastructure development bill proposed by President Joe Biden. In addition, there is a high expectation for a good earnings report which will start soon. In addition, market participants believe that the Fed Central Bank will still maintain its policy and will take quick steps to stabilize the US Dollar currency in the market. One of the leaders of the US Senate "Chuck Schumer" informed that a vote on the bill for infrastructure development will be released soon. On the other hand, the Senate leader with minority member "McConnell" said that if efforts and efforts to pass the infrastructure bill immediately, it will certainly not be long and slow, although if the vote results later, the Democratic party will lose the vote. Covid-19 with the Delta variant is increasing in Australia as well as several countries in Asia and America and Europe. This Delta variant has further made plans to reduce social restrictions in several countries null and void. Especially for the state of South Australia, a strict lockdown has been imposed again after the increase in Delta variant cases from 15 people/day to 22 people/day.

GBPUSD analysis today July 21, 2021

Today's GBPUSD prediction and analysis is expected to continue its weakness/decline and the recommended OP (Open Position) is SELL at the level of 1.35950. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points. This the GBPUSD analysis on July 21, 2021 which discusses the movement of the Pound Sterling currency, the Delta variant that is increasing in the UK and the strength of the US Dollar, making the Pound Sterling weaker against the US Dollar. This is due to the poor release of China's GDP data. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of trading. You can also join us in the GIC Trade Telegram Community and GIC Trade Telegram Channel. Don't forget to check out the GIC Indonesia Youtube account which is full of a lot of information, and follow our Instagram account to get information about various interesting webinars that you can participate in.