Source: PaxForex Premium Analytics Portal, Technical Insight
British newspaper The Sun reports that today the British Prime Minister B. Johnson will hold a press conference/make a statement on Brexit. Johnson will hold a press conference/make some kind of statement on Brexit. Market participants continue to hope for the long-awaited announcement of a trade deal. Also, a senior European official said that the EU is also due to make a statement on Brexit on Thursday morning. However, he warned, no final agreement between the parties has yet been confirmed.
GBP/USD, 30 min
Pivot: 1.3543
Analysis:
Provided that the currency pair is traded above 1.3500, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.3543
- Take Profit 1: 1.3600
- Take Profit 2: 1.3635
Alternative scenario:
In case of breakdown of the level 1.3500, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.3500
- Take Profit 1: 1.3460
- Take Profit 2: 1.3400
Comment:
RSI shows ascending momentum during the day.
Key levels:
Resistance | Support |
1.3670 | 1.3500 |
1.3635 | 1.3460 |
1.3600 | 1.3400 |
GBP/USD, D1
Pivot: 1.3416
Analysis:
While the price is above 1.3200, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.3416
- Take Profit 1: 1.3625
- Take Profit 2: 1.3750
Alternative scenario:
If the level 1.3200 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3200
- Take Profit 1: 1.3075
- Take Profit 2: 1.2910
Comment:
RSI indicates that an uptrend continues in the medium term.
Key levels:
Resistance | Support |
1.4000 | 1.3200 |
1.3750 | 1.3075 |
1.3625 | 1.2910 |
We also advise you to pay attention to the following currency pairs for intraday trading:
EUR/USD – buy above 1.2185 with 1.2240 and 1.2260 targets as Take Profit. Alternative scenario - if the level 1.2185 is broken-down, sell with the TP 1.2170 and 1.2160.
USD/CAD - short positions below 1.2865 with 1.2800 and 1.2770 targets as Take Profit. Alternative scenario - if the level of 1.2865 is broken-out, buy with the targets 1.2895 and 1.2930 as Take Profit.
NZD/USD – sell below 0.7112 with 0.7051 and 0.7039 as Take Profit targets. Alternative scenario - if the level of 0.7112 is broken-out, you should consider buying with the targets 0.7132 and 0.7144 as Take Profit.