Source: PaxForex Premium Analytics Portal, Technical Insight

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GBP/USD, 30 min

Pivot: 1.2574

Analysis:

Provided that the currency pair is traded above 1.2540, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.2574
• Take Profit 1: 1.2585
• Take Profit 2: 1.2610

Alternative scenario: 

In case of breakdown of the level 1.2540, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.2540
• Take Profit 1: 1.2505
• Take Profit 2: 1.2480

Comment:

RSI shows ascending momentum during the day.

Key levels:

GBP/USD, D1

Pivot: 1.2636

Analysis:

While the price is above 1.2400, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.2636
• Take Profit 1: 1.2815
• Take Profit 2: 1.2980

Alternative scenario:

If the level 1.2400 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 1.2400
• Take Profit 1: 1.2245
• Take Profit 2: 1.2060

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 intra-day trading:

USD/JPY – buy above 107.10 with 107.50 and 107.60 as Take Profit targets. Alternative scenario - if the level of 107.10 is broken-down, you should consider selling with the targets 106.65 and 106.75 as Take Profit.
USD/CAD - short positions below 1.3625 with 1.3580 and 1.3555 targets as Take Profit. Alternative scenario - if the level of 1.3625 is broken-down, buy with the targets 1.3645 and 1.3670 as Take Profit.
EUR/USD – buy above 1.1380 with 1.1420 and 1.1445 targets as Take Profit. Alternative scenario - if the level 1.1380 is broken-down, sell with the TP 1.1360 and 1.1335.