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BTCGBP is quickly approaching the resistance line of a Triangle. We expect either a breakout through this line or a rebound.

BTCGBP is heading towards the resistance line of a Triangle. If this movement continues, we expect the price of BTCGBP to test 8415.6300 within the next 7 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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We expect a 36 pip movement on GBPUSD within 12 hours following the event release.

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We expect a $686.086 movement on USDCHF within 48 hours following the event release at 10 Sep 08:30.

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