Ichimoku analysis (4-hour chart)
Tenken-Sen- $56260
Kijun-Sen- $56551
BTCUSD is consolidating in a narrow range between $59650 and 52950 for the past two weeks. The pair downside is capped by 100-day EMA and significant weakness only below that level. The break of wedge pattern confirms minor bearishness a dip till $53000. The intraday bullishness can happen only if it breaks $60000. It hits an intraday low of $55618 and is currently trading around $55807.
The near-term resistance is around $60000. Any indicative break above targets $61700/$65000. Major trend continuation above $65000.
The pair's minor support is around $55180 (61.8% fib). A break below will drag the pair down to$54500/ $52916 (100- day MA)/$47000. Any close below $47000 will drag the pair down to $43000. Significant bearishness only if it breaks $43000.
Indicator (4-Hour chart)
CAM indicator – Bearish
Directional movement index – Bearish
It is good to sell on rallies around $57000 with SL around $60000 for TP of $47000.


Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro: GBP/USD falls to two-day low, scope for further downside
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/JPY on nervous hold around 160.00 



