Source: PaxForex Premium Analytics Portal, Technical Insight

Reuters reports comments from an EU diplomat who said that disagreements remain on the same issues in negotiations with Britain, including equal conditions and fisheries:

• The issue of equal conditions has not been resolved;

• Britain has not yet put forward adequate proposals on the issue of state aid;

• Disagreements remain on fisheries issues;

• It cannot be said that there are hours left before the deal is concluded; we still need to agree on important issues;

• If some issues remain unresolved, there will be no deal.

GBP/USD, 30 min

Pivot: 1.3451

Analysis:

Provided that the currency pair is traded above 1.3420, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.3451
• Take Profit 1: 1.3500
• Take Profit 2: 1.3530

Alternative scenario: 

In case of breakdown of the level 1.3420, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.3420
• Take Profit 1: 1.3395
• Take Profit 2: 1.3370

Comment:

RSI shows an ascending momentum during the day.

Key levels:

GBP/USD, D1

Pivot: 1.3387

Analysis:

While the price is above 1.3050, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3387
• Take Profit 1: 1.3480
• Take Profit 2: 1.3710

Alternative scenario:

If the level 1.3050 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.3050
• Take Profit 1: 1.2865
• Take Profit 2: 1.2675

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 – buy above 1.2115 with 1.2175 and 1.2200  targets as Take Profit. Alternative scenario - if the level 1.2115 is broken-down, sell with the TP 1.2095  and 1.2070.
USD/CAD - short positions below 1.2900 with 1.2825 and 1.2800 targets as Take Profit. Alternative scenario - if the level of 1.2900 is broken-out,  buy with the targets 1.2920 and 1.2940 as Take Profit.
NZD/USD – sell below 0.7079 with 0.7001 and 0.6985 as Take Profit targets. Alternative scenario - if the level of 0.7079 is broken-out, you should consider buying with the targets 0.7107 and 0.7123 as Take Profit.