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FxWirePro: BTC/GBP faces strong resistance at 10-DMA, bias neutral

BTC/GBP continues rangebound trading on Thursday as it faces strong resistance from 10-DMA). It is currently trading at 947 levels at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 954

Kijun Sen: 875

On the upside, a close above 947 (10-DMA) will see a jump till 974 (trend line joining 1085 and 995). Further strength would see it testing 995 (April 12 high)/1038 (March 14 high).

Momentum studies appear neutral and traders are preferred to wait for a confirmed signal on daily charts.

Support is seen at 924.68 (50-DMA) and a break below would drag it to 905.56 (55-EMA)/870.61 (90-EMA).

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January 19 15:30 UTC Released

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Actual

4.5 %

Forecast

Previous

3.3 %

January 19 15:30 UTC Released

USECRI Weekly Index

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150.3 %

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Previous

147.6 %

January 21 02:00 UTC 15011501m

PHGDP YY

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6.9 0

January 21 02:00 UTC 15011501m

PHGDP QQ

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1.3 0

January 21 21:00 UTC 26412641m

KRPPI Growth YY

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3.1 %

January 21 21:00 UTC 26412641m

KRPPI Growth

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-0.1 %

January 21 23:00 UTC 27612761m

JPReuters Tankan DI

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Previous

27 k

January 22 07:00 UTC 32413241m

NOIndus Confidence

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2 0

January 22 08:00 UTC 33013301m

TWJobless Rate

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Previous

3.69 0

January 22 08:00 UTC 33013301m

TWExport Orders YY

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11.6 0

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