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:

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:

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.