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FxWirePro: BTC/GBP upside capped by 10-DMA, break below 50-DMA to see minor bearishness

BTC/GBP is trading in a narrow range on Wednesday, as it failed to close above 10-DMA on April 18. It is currently trading at 931 levels at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 954

Kijun Sen: 850.50

The pair broke above 10-DMA on Tuesday but failed to hold its strength and closed below with an inverted hammer formation.

The pair has taken strong support near 925.52 (50-DMA) and any violation would see a dip till 903.67 (55-EMA)/ 878 (February 24 low).

On the upside, further bullishness could be confirmed only if the pair closes above 949.70 (10-DMA), which would then target 976 (trend line joining 1085 and 995)/ 995 (April 12 high).

Momentum studies have turned bearish: RSI is holding slightly above 50, bias lower; stochs are biased lower; and MACD line below signal line.

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June 22 14:30 UTC Released

USECRI Weekly Annualized

Actual

3.1 %

Forecast

Previous

2.7 %

June 22 14:30 UTC Released

USECRI Weekly Index

Actual

150.1 %

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Previous

149.3 %

January 31 00:00 UTC 207220207220m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 207220207220m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 219040219040m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 207220207220m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 219040219040m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 207220207220m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 207220207220m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 207220207220m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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