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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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Fintech Week Chicago

April 28 21:00 UTC Released

MXFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 28 21:00 UTC Released

CNFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 30 01:00 UTC 573573m

CNNBS Non-Mfg PMI*

Actual

Forecast

Previous

55.10 %

April 30 01:00 UTC 573573m

CNNBS Manufacturing PMI*

Actual

Forecast

51.6 bln $

Previous

51.8 bln $

April 30 23:30 UTC 19231923m

AUAIG Manufacturing Index

Actual

Forecast

Previous

57.5 %

May 1 00:00 UTC 19531953m

KRExport Growth Prelim*

Actual

Forecast

15.3 %

Previous

13.6 %

May 1 00:00 UTC 19531953m

KRImport Growth Prelim*

Actual

Forecast

21.0 %

Previous

27.7 %

May 1 00:00 UTC 19531953m

KRTrade Balance Prelim*

Actual

Forecast

Previous

6.27 bln $

May 1 00:30 UTC 19831983m

USNikkei Mfg PMI

Actual

Forecast

Previous

52.8 %

May 1 00:30 UTC 19831983m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.8 bln $

Fintech Week Chicago
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