Source: PaxForex Premium Analytics Portal, Technical Insight

Last weekend British Prime Minister B. Johnson in an interview with the BBC:

• Wouldn't want the transition period on Brexit to end on December 31 without a new trade deal with the EU;

• But if there is no deal, Britain will live without it;

• Believes that an agreement will be reached;

• Unfortunately, there are still some difficult issues to resolve;

• The EU needs to understand that Britain takes its control over its own laws very seriously;

• I would not like to get an Australia-WTO-style deal as a result, but "we will live well with it".

GBP/USD, 30 min

Pivot: 1.2935

Analysis:

Provided that the currency pair is traded above 1.2910, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.2935
• Take Profit 1: 1.2955
• Take Profit 2: 1.2980

Alternative scenario: 

In case of breakdown of the level 1.2910, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.2910
• Take Profit 1: 1.2890
• Take Profit 2: 1.2860

Comment:

RSI shows ascending momentum during the day.

Key levels:

GBP/USD, D1

Pivot: 1.2924

Analysis:

While the price is below 1.3000, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.2924
• Take Profit 1: 1.2675
• Take Profit 2: 1.2500

Alternative scenario:

If the level 1.3000 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3000
• Take Profit 1: 1.3250
• Take Profit 2: 1.3480

Comment:

RSI indicates that the downtrend 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 1.1715 with 1.1755 and 1.1770 targets as Take Profit. Alternative scenario - if the level 1.1715 is broken-down, sell with the TP 1.1700 and 1.1685.
USD/CAD - short positions below 1.3300 with 1.3240 and 1.3220 targets as Take Profit. Alternative scenario - if the level of 1.3300 is broken-out,  buy with the targets 1.3330 and 1.3350 as Take Profit.
NZD/USD – buy above 0.6623 with 0.6686 and 0.6703 as Take Profit targets. Alternative scenario - if the level of 0.6623 is broken-down, you should consider selling with the targets 0.6593 and 0.6575 as Take Profit.