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Crypto Technicals: BTC/GBP pivotal at 1H 200-SMA (6123), weakness likely on break below

BTC/GBP chart - Trading View 

Exchange - Coinbase

Support: 6123 (1H 200-SMA); Resistance: 7040 (Upper BB)

Technical Analysis: Bias Neutral

BTC/GBP trades in the red for the 3rd straight session, hovers around 5-DMA.

The pair trades with a bullish bias, no major signs of reversal noticed.

Bearish RSI divergence and Oscillators at overbought zone raise scope for pullback.

Strong support seen at 1H 200-SMA, break below will see some weakness.

Break below 6123 (1H 200-SMA) will see weakness till 61.8% Fib at 5716.

Bounce off 5-DMA support eyes Upper Bollinger band at 7040.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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June 18 07:00 UTC Released

TRIndustrial Prod Adj YY

Actual

-4 %

Forecast

-2.5 %

Previous

-2.2 %

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12.6 %

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13.9 %

January 31 00:00 UTC 724782724782m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 724782724782m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 736602736602m

ARTrade Balance

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Previous

-1541 %

January 31 00:00 UTC 724782724782m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 736602736602m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 724782724782m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 724782724782m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 724782724782m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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