Source: PaxForex Premium Analytics Portal, Technical Insight
President and CEO of the Federal Reserve Bank of Atlanta, Bostic: hopefully US employment will grow decently in the coming months. Leisure and recreation companies are starting to note that the number of bookings has reached or exceeded 2019 levels.
GBP/USD, 30 min
Pivot: 1.3787
Analysis:
Provided that the currency pair is traded above 1.3755, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.3787
- Take Profit 1: 1.3810
- Take Profit 2: 1.3830
Alternative scenario:
In case of breakdown of the level 1.3755, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.3755
- Take Profit 1: 1.3735
- Take Profit 2: 1.3715
Comment:
RSI shows ascending momentum during the day.
Key levels:
| Resistance | Support |
| 1.3850 | 1.3755 |
| 1.3830 | 1.3735 |
| 1.3810 | 1.3715 |
GBP/USD, D1
Pivot: 1.3774
Analysis:
While the price is below 1.4000, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3774
- Take Profit 1: 1.3670
- Take Profit 2: 1.3450
Alternative scenario:
If the level 1.4000 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4000
- Take Profit 1: 1.4240
- Take Profit 2: 1.4370
Comment:
RSI indicates that a downtrend continues in the medium term.
Key levels:
| Resistance | Support |
| 1.4370 | 1.3670 |
| 1.4240 | 1.3450 |
| 1.4000 | 1.3260 |
We also advise you to pay attention to the following currency pairs for intraday trading:
EUR/USD – sell below 1.1740 with 1.1715 and 1.1700 as Take Profit targets. Alternative scenario - if the level of 1.1740 is broken-out, you should consider buying with the targets 1.1750 and 1.1760 as Take Profit.
USD/CAD - long positions above 1.2555 with 1.2605 and 1.2625 targets as Take Profit. Alternative scenario - if the level of 1.2555 is broken-down, sell with the targets 1.2535 and 1.2515 as Take Profit.
NZD/USD – sell below 0.6997 with 0.6918 and 0.6896 targets as Take Profit. Alternative scenario - if the level 0.6997 is broken-out, buy with the TP 0.7033 and 0.7054.
