FxWirePro: BTC/GBP faces resistance at 61.8% fib, break above targets 875

BTC/GBP is gradually moving north and has hit a high of 818 levels so far in the day. It is currently trading at 815 levels (Coinbase).

Ichimoku analysis of daily chart:

Tenkan Sen: 758.84

Kijun Sen: 706.50

Trend reversal: 679.76 (90-EMA)

On the upside, the pair faces immediate resistance at 818.21 (61.8% retracement of 950 and 605) and a break above would see it testing 876/900.

Momentum studies suggest possibility for further uptrend as RSI(14) is at 606; Stochs in overbought zone; MACD line is above the signal line.

On the flipside, the pair has taken support near 796 (Cloud top) and any violation would drag it to 767.60 (5-DMA)/732.51 (21-DMA).