Source: PaxForex Premium Analytics Portal, Technical Insight

GBP/USD can't take advantage of the current weakening of the dollar amid the slippage in negotiations on Brexit and the threat of quarantine in Birmingham, a major English city..

GBP/USD, 30 min

Pivot: 1.3085

Analysis:

Provided that the currency pair is traded above 1.3075, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.3085
• Take Profit 1: 1.3115
• Take Profit 2: 1.3145

Alternative scenario: 

In case of breakdown of the level 1.3075 follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.3075
• Take Profit 1: 1.3050
• Take Profit 2: 1.3025

Comment:

RSI shows ascending momentum during the day.

Key levels:

GBP/USD, D1

Pivot: 1.3096

Analysis:

While the price is above 1.2880, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3096
• Take Profit 1: 1.3270
• Take Profit 2: 1.3515

Alternative scenario:

If the level 1.2880 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 1.2880
• Take Profit 1: 1.2670
• Take Profit 2: 1.2470

Comment:

RSI indicates that the uptrend continues in the medium term.

Key levels:

We also advise you to pay attention to the following currency pairs for intraday trading:

NZD/USD – buy above 0.6512 with 0.6557 and 0.6570 as Take Profit targets. Alternative scenario - if the level of 0.6512 is broken-down you should consider selling with the targets 0.6490 and 0.6477 as Take Profit.
USD/CAD - short positions below 1.3240 with 1.3190 and 1.3165 targets as Take Profit. Alternative scenario - if the level of 1.3240 is broken-out, buy with the targets 1.3255 and 1.3280 as Take Profit.
EUR/USD – sell below 1.1820 with 1.1780 and 1.1755 targets as Take Profit. Alternative scenario - if the level 1.1820 is broken-out, buy with the TP 1.1850 and 1.1880.