Source: PaxForex Premium Analytics Portal, Technical Insight

Johnson: Further lifting of the restrictions is postponed:

1. Back to work rules remain unchanged;

2. Discipline must be respected;

3. The period of wearing masks is extended;

4. From August 8, several more regions will have a masked regime;

5. If people do not follow the rules, we will be forced to impose additional restrictions;

6. The kids are due back at school in September.

GBP/USD, 30 min

Pivot: 1.3091

Analysis:

Provided that the currency pair is traded below 1.3120, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.3091
• Take Profit 1: 1.3055
• Take Profit 2: 1.3020

Alternative scenario: 

In case of breakout of the level 1.3120, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.3120
• Take Profit 1: 1.3170
• Take Profit 2: 1.3220

Comment:

RSI shows descending momentum during the day.

Key levels:

GBP/USD, D1

Pivot: 1.3091

Analysis:

While the price is above 1.2760, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3091
• Take Profit 1: 1.3205
• Take Profit 2: 1.3515

Alternative scenario:

If the level 1.2760 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 1.2760
• Take Profit 1: 1.2470
• Take Profit 2: 1.2245

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:

USD/JPY – buy above 105.65 with 106.40 and 106.70 as Take Profit targets. Alternative scenario - if the level of 105.65 is broken-down, you should consider selling with the targets 105.45 and 105.25 as Take Profit.
USD/CAD - short positions below 1.3435 with 1.3370 and 1.3350 targets as Take Profit. Alternative scenario - if the level of 1.3435 is broken-out, buy with the targets 1.3460 and 1.3480 as Take Profit.
EUR/USD – sell below 1.1800 with 1.1740 and 1.1715 targets as Take Profit. Alternative scenario - if the level 1.1800 is broken-out, buy with the TP 1.1820 and 1.1850.