BTC/USD has broken major psychological resistance $400) and jumped till $443 at the time of writing. It is currently trading at $ has declined till $402 in the morning and recovered from that level.
- Short term trend is bullish as long as support $374 holds.
- The pair is facing major resistance around $453 (Nov 2014 high) and break above confirms further bullishness, a jump till $469/$500/$523 is possible
- On the downside any break below $374 will drag the pair further down till $358/$349
- The pair's minor support is around $399 and break below will drag the pair till $380/$374 .
It is good to buy at dips around $395-400 with SL around $374 for the TP of $453/$470


Major Currency Pair Scores: USD/CHF Signals Strong Bullish Momentum as NZD/USD Turns Heavily Bearish
NZDJPY Consolidates, Resistance at 90.78 May Signal Favorability for Downtrend
FxWirePro: USD/CAD firms slightly, but downward resumption looks likely
FxWirePro: AUD/USD stays defensive ahead of key U.S. inflation data
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD maintains bullish bias with focus on 1.4000
FxWirePro: EUR/AUD scales one-week peak after ECB rate hike
Upbeat UK GDP Fails to Lift GBP/JPY as Bears Target 207
FxWirePro: GBP/USD gains some upside momentum but still bearish 



