BTC/GBP broke above 10-DMA on Tuesday and is currently trading at 960 levels at press time (Coinfloor).
Ichimoku analysis of daily chart:
Tenkan Sen: 954
Kijun Sen: 850.50
On the upside, a close above 956.20 (10-DMA) would target 977 (convergence of trend line joining 1085 and 995 and 113% retracement of 936 and 616) /995 (April 12 high).
On the daily chart, Stochs and RSI are biased slightly higher and a close above 10-DMA would see further upside. On the hourly chart, the pair is currently holding above 1h 200-SMA. This, along with strong RSI, MACD, and stochs suggest bullish bias.
The pair has taken support near 926.62 (50-DMA) and any violation would drag it to 903.51 (55-EMA)/878 (February 24 low).
