BTC/GBP continues to be capped by 10-EMA and the pair is trading in a narrow range between 593 and 600 levels on Tuesday (Coinbase).
Long-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 599.53
Kijun Sen: 578.38
Trend reversal: 538 (90 EMA)
On the topside, the pair faces immediate resistance at 598.12 (10-EMA) and a break above would see it testing 621 levels (November 20 high)/ 633.40 (127.2% retracement of 621.47 and 577.60)/ 650.
On the reverse side, a close below 592.68 (21-day MA) would confirm minor bearishness in the pair and target 568.22 (61.8% retracement of 535.30 and 621.47)/ 547.20 (November 13 low).
