Source: PaxForex Premium Analytics Portal, Technical Insight

Last weekend, it became known that the Prime Minister of Britain B. Johnson left for self-isolation after contact with an infected covid-19. The Prime Minister himself reportedly does not show any signs of illness. As Johnson himself explained on Twitter, he just "follows the rules". Meanwhile, in Britain on Saturday, there was a record increase in the incidence of coronavirus by 26,860 new cases.

GBP/USD, 30 min

Pivot: 1.3220

Analysis:

Provided that the currency pair is traded above 1.3190, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.3220
• Take Profit 1: 1.3245
• Take Profit 2: 1.3275

Alternative scenario: 

In case of breakdown of the level 1.3190, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.3190
• Take Profit 1: 1.3170
• Take Profit 2: 1.3150

Comment:

RSI shows an ascending momentum during the day.

Key levels:

GBP/USD, D1

Pivot: 1.3169

Analysis:

While the price is above 1.2865, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3169
• Take Profit 1: 1.3480
• Take Profit 2: 1.3710

Alternative scenario:

If the level 1.2865 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 1.2865
• Take Profit 1: 1.2675
• Take Profit 2: 1.2515

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 1.1830 with 1.17880 and 1.1900  targets as Take Profit. Alternative scenario - if the level 1.1830 is broken-down, sell with the TP 1.1810  and 1.1785.
USD/CAD - short positions below 1.3140 with 1.3055 and 1.3030 targets as Take Profit. Alternative scenario - if the level of 1.3140 is broken-out,  buy with the targets 1.3170 and 1.3190 as Take Profit.
NZD/USD – buy above 0.6849 with 0.6923 and 0.6938 as Take Profit targets. Alternative scenario - if the level of 0.6849 is broken-down, you should consider selling with the targets 0.6823 and 0.6807 as Take Profit.