Source: PaxForex Premium Analytics Portal, Technical Insight

British Prime Minister Boris Johnson's spokesman confirmed on Tuesday that there is no way to extend the transition period beyond Brexit. "Britain would like to settle simpler issues in the negotiations first to give impetus to the deal," the spokesman added, noting they are optimistic about a trade agreement with Japan.

GBP/USD, 30 min

Pivot: 1.3382

Analysis:

Provided that the currency pair is traded below 1.3410, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.3382
• Take Profit 1: 1.3355
• Take Profit 2: 1.3330

Alternative scenario: 

In case of breakout of the level 1.3410 follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.3410
• Take Profit 1: 1.3450
• Take Profit 2: 1.3480

Comment:

RSI shows descending momentum during the day.

Key levels:

GBP/USD, D1

Pivot: 1.3347

Analysis:

While the price is above 1.2990, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3347
• Take Profit 1: 1.3515
• Take Profit 2: 1.3770

Alternative scenario:

If the level 1.2990 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 1.2990
• Take Profit 1: 1.2800
• Take Profit 2: 1.2520

Comment:

RSI indicates that the 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 1.1940 with 1.1880 and 1.1845 targets as Take Profit. Alternative scenario - if the level 1.1940 is broken-out, buy with the TP 1.1965 and 1.1995.
USD/CAD - long positions above 1.3040 with 1.3100 and 1.3125 targets as Take Profit. Alternative scenario - if the level of 1.3040 is broken-down, sell with the targets 1.3015 and 1.2990 as Take Profit.
NZD/USD – buy above 0.6754 with 0.6814 and 0.6831 as Take Profit targets. Alternative scenario - if the level of 0.6754 is broken-down you should consider selling with the targets 0.6726 and 0.6710 as Take Profit.