FxWirePro- BNBUSD (Chart of the day)

BNBUSD performed well in the past three days.

Any daily close above $650 confirms further bullishness.

BNBUSD gained nearly 10% in the past three days.  The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $630 and is currently trading around $625.40.

The bullish invalidation can happen if the pair closes below $500. On the lower side, the near-term support is $590. Any break below targets $550/$500. 

The immediate resistance stands at around $650. Any breach above confirms bullish continuation. A jump to $700 is possible. A surge past $700 will take it to $800/$1000.

It is good to buy on dips around $550 with SL around $490 for TP of $750/$800.