FxWirePro- BSVUSD (Chart of the day)

Ichimoku Analysis (4 hour chart)

Tenken-Sen- $55.56

Kijun-Sen- $55.56

BSVUSD was one of the best performers today.

Any daily close above $66 confirms further bullishness.

BSVUSD was the best performer today and surged more than 25% after breaking significant resistance. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $64.27 and is currently trading around $62.45.

The bullish invalidation can happen if the pair closes below $46.80. On the lower side, the near-term support is $57.75. Any break below targets $53/$46.80. Significant downtrend if it breaks $46.80.

The immediate resistance stands at around $66. Any breach above confirms a minor pullback. A jump to $74/$100 is possible. A surge past $100 will take BSV to $173.

It is good to buy on dips around $57 with SL around $47 for TP of $100.

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