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FxWirePro: BTC/GBP holds above 2000 mark, bias higher, stay long

BTC/GBP broke above the 2000 mark on Monday and hit 2021 levels so far in the day. It is currently trading at 2003 levels at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 1827.50

Kijun Sen: 1679

On the upside, a close above 2000 levels would target 2033 (127.2% extension of 706 and 1750)/2118 (May 25 high).

Momentum studies appear bullish: RSI is strong at 74, stochs suggest higher bias, and MACD line is above signal line. However, as bearish RSI divergence could be seen in the daily charts, traders are advised to watch out for turns in other indicators.

Support is seen at 1955.60 (5-DMA) and a break below would see it testing 1910 (23.6% retracement of 1240 and 2118)/1845 (10-DMA)/1734 (20-DMA).

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