Source: PaxForex Premium Analytics Portal, Technical Insight

Johnson: The passage of the domestic market bill will give Britain a real opportunity to close a trade deal:

• What we are not going to tolerate is a situation where the EU decides it has an opportunity to split our country;

• We hope that the EU will behave sensibly;

• If we enter into a deal, we will not use the authority given to us by this bill;

• We must implement the protocol for Northern Ireland in accordance with the Good Friday Agreement;

• We must preserve Britain's territorial integrity;

• We would like to conclude an optimal free trade agreement.

GBP/USD, 30 min

Pivot: 1.2868

Analysis:

Provided that the currency pair is traded above 1.2810, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.2868
• Take Profit 1: 1.2915
• Take Profit 2: 1.2945

Alternative scenario: 

In case of breakdown of the level 1.2810 follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.2810
• Take Profit 1: 1.2775
• Take Profit 2: 1.2750

Comment:

RSI shows ascending momentum during the day.

Key levels:

GBP/USD, D1

Pivot: 1.2801

Analysis:

While the price is below 1.3255, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.2801
• Take Profit 1: 1.2490
• Take Profit 2: 1.2250

Alternative scenario:

If the level 1.3255 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3255
• Take Profit 1: 1.3480
• Take Profit 2: 1.3770

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 1.1860 with 1.1915 and 1.1945 targets as Take Profit. Alternative scenario - if the level 1.1860 is broken-down, sell with the TP 1.1840 and 1.1825.
USD/CAD - short positions below 1.3185 with 1.3115 and 1.3100 targets as Take Profit. Alternative scenario - if the level of 1.3185 is broken-out,  buy with the targets 1.3210 and 1.3230 as Take Profit.
NZD/USD – buy above 0.6689 with 0.6749 and 0.6765 as Take Profit targets. Alternative scenario - if the level of 0.6689 is broken-down you should consider selling with the targets 0.6661 and 0.6645 as Take Profit.