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14.09.202116:21 Forex Analysis & Reviews: GBP/USD hot forecast on September 14

Exchange Rates 14.09.2021 analysis

GBP/USD has jumped toward 1.39 after US Core CPI missed estimates with 4% YoY. Earlier, the sterling suffered from Brexit concerns and mixed inflation data.

The pound/dollar pair is confined to a clear range in September. Support is found at the double-bottom of 1.3725 and robust resistance is at 1.3895, a quadruple top, which held the cable down since mid-August. Momentum on the four-hour chart is moving to the upside and the currency pair trades above the 50 and 200 Simple Moving Averages.

Above 1.3895, the next levels to watch are 1.3950, 1.3985, and 1.4010.

Support awaits at 1.3785, followed by 1.3725 mentioned earlier, and then by 1.3675.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Jan Novotny,
Analytical expert of InstaSpot
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