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Big movement expected on BTCUSD after a breach of the resistance

BTCUSD has broken through a resistance line of a Pennant and suggests a possible movement to 10393.2064 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 6 days.

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We expect GBPUSD to trend upwards today with a 75% chance.

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We expect a 37 pip movement on GBPUSD for the next 2 hours.

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