Source: PaxForex Premium Analytics Portal, Technical Insight

Reuters reports comments from a spokesman for British Prime Minister Johnson, who said that the chief negotiator of the British Frost filled the Prime Minister in on the details of negotiations with the EU:

• Britain is waiting for the conclusion of the European Council and will take it into account in determining the next steps;

• Britain's goal remains a trade deal with the EU.

GBP/USD, 30 min

Pivot: 1.2891

Analysis:

Provided that the currency pair is traded below 1.2935, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.2891
• Take Profit 1: 1.2860
• Take Profit 2: 1.2840

Alternative scenario: 

In case of breakout of the level 1.2935, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.2935
• Take Profit 1: 1.2960
• Take Profit 2: 1.2990

Comment:

RSI shows descending momentum during the day.

Key levels:

GBP/USD, D1

Pivot: 1.2929

Analysis:

While the price is below 1.3080, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.2929
• Take Profit 1: 1.2675
• Take Profit 2: 1.2500

Alternative scenario:

If the level 1.3080 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3080
• 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 – sell below 1.1725 with 1.1670 and 1.1650 targets as Take Profit. Alternative scenario - if the level 1.1725 is broken-out, buy with the TP 1.1740 and 1.1755.
USD/CAD - long positions above 1.3205 with 1.3290 and 1.3310 targets as Take Profit. Alternative scenario - if the level of 1.3205 is broken-down,  sell with the targets 1.3180 and 1.3160 as Take Profit.
NZD/USD – buy above 0.6566 with 0.6632 and 0.6649 as Take Profit targets. Alternative scenario - if the level of 0.6566 is broken-down, you should consider selling with the targets 0.6537 and 0.6520 as Take Profit.