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Our previous call for BTC/GBP has achieved all targets. The pair has hit a high of 711.11 levels so far in the day and is currently trading around this level at the time of writing (Coinbase).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 645.87
Kijun Sen: 627.74
Trend reversal: 571.64 (90 EMA)
On the upside, the pair faces immediate resistance at 714.54 (261.8% retracement of 611.12 and 547.20) and a break above targets 731.80 (200% retracement of 549.45 and 367.10)/750.
On the flip side, support is seen at 640 (10-EMA) and a break below would drag it to 621.87 (21-DMA)/588.68 (December 05 low).
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FxWirePro: BTC/GBP breaches 700 levels, eyes 750
Thursday, December 22, 2016 10:22 AM UTC
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