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FxWirePro: BTC/GBP hovers around 50-DMA, close below targets 830

BTC/GBP moved further south on Friday and has broken below the 900 mark. It is currently trading at 897 levels at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 947.50

Kijun Sen: 947.50

Momentum studies have turned bearish: RSI (14) is at 42, bias lower and the MACD line is below the signal line.

On the upside, resistance is seen at 936 (January 04 high) and a break above would see it testing 991 (20-DMA)/1038 (March 14 high).

On the flipside, the pair is currently hovering near 888 levels (50-DMA) and a close below would drag it to 832.61 (90-EMA)/795.16 (61.8% retracement of 616 and 1085).

CoinDesk reported that the recent plunge comes as bitcoin continues to face technical challenges – the ongoing scaling debate has not been able to develop a consensus so far. Also, the call for a hard fork has been increasing.

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June 23 14:30 UTC Released

USECRI Weekly Annualized*

Actual

3.4 %

Forecast

Previous

3.7 %

June 23 14:30 UTC Released

USECRI Weekly Index*

Actual

143.7 %

Forecast

Previous

144.0 %

June 26 08:00 UTC 781781m

GBIfo Expectations*

Actual

Forecast

Previous

106.5 k

June 26 08:00 UTC 781781m

DEIfo Business Climate*

Actual

Forecast

114.4 bln BRL

Previous

114.6 bln BRL

June 26 08:00 UTC 781781m

DEIfo Expectations*

Actual

Forecast

106.4 %

Previous

106.5 %

June 26 08:00 UTC 781781m

DEIfo Current Conditions*

Actual

Forecast

123.3 mln

Previous

123.2 mln

June 26 08:30 UTC 811811m

GBIfo Expectations*

Actual

Forecast

Previous

40.750 k

June 26 08:30 UTC 811811m

BRBBA Mortgage Approvals

Actual

Forecast

Previous

40.750 k

June 26 11:00 UTC 961961m

BRBBA Mortgage Approvals

Actual

Forecast

Previous

84.2 k

June 26 11:00 UTC 961961m

RUFGV Consumer Conf*

Actual

Forecast

Previous

84.2 %

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