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Breach of 7423.8301 could mean a start of a bearish trend on BTCGBP

BTCGBP has broken through a line of 7423.8301. If this breakout holds true, we expect the price of BTCGBP to test 7196.8809 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

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Important price line breached by UK100. This price has been tested numerous times before.

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We expect a 62 pip movement on UB within 4 hours following the event release.

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