Source: PaxForex Premium Analytics Portal, Technical Insight

British Prime Minister Johnson: we are moving in the right direction by loosening restrictions:

• We have no reason to believe that the coronavirus vaccine is not effective against new strains;
• We don't think the new strains are a threat to society;
• We are confident that testing will help keep the disease rate low, despite the opening of schools next week.

GBP/USD, 30 min

Pivot: 1.3887

Analysis:

Provided that the currency pair is traded below 1.3940, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.3887
• Take Profit 1: 1.3820
• Take Profit 2: 1.3790

Alternative scenario: 

In case of breakout of the level 1.3940, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.3940
• Take Profit 1: 1.3970
• Take Profit 2: 1.4000

Comment:

RSI shows descending momentum during the day.

Key levels:

GBP/USD, D1

Pivot: 1.3936

Analysis:

While the price is above 1.3745, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3936
• Take Profit 1: 1.4180
• Take Profit 2: 1.4370

Alternative scenario:

If the level 1.3745 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.3745
• Take Profit 1: 1.3500
• Take Profit 2: 1.3300

Comment:

RSI indicates that an uptrend continues in the medium term.

Key levels:

We also advise you to pay attention to the following currency pairs for intraday trading:

EUR/USD – sell below 1.2055 with 1.1980 and 1.1960 as Take Profit targets. Alternative scenario - if the level of 1.2055 is broken-out, you should consider buying with the targets 1.2075 and 1.2095 as Take Profit.
USD/CAD - long positions above 1.2635 with 1.2740 and 1.2770 targets as Take Profit. Alternative scenario - if the level of 1.2635 is broken-down,  sell with the targets 1.2610 and 1.2585 as Take Profit.
NZD/USD –  sell below 0.7272 with 0.7196 and 0.7181  targets as Take Profit. Alternative scenario - if the level 0.7272 is broken-out, buy with the TP 0.7298 and 0.7313.