BTC/GBP in trading is trading slightly higher on Friday as it once again broke above 2200 mark. It is hovering this levels and is currently trading at 2192 levels at press time (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 2037.50

Kijun Sen: 1793

On the upside, a close above 2200 levels would see the pair testing 2277 (June 06 high)/2292 (127.2% retracement of 2118 and 1475)/2381 (113% extension of 1475 and 2277)/2495.

Momentum studies appear bullish on the daily chart with RSI strong at 71, MACD line above the signal line, and the pair holding above 7-DMA). However, caution is advised as RSI and Stochs are in the overbought zone. Also, bearish divergence in RSI and stochs could be seen on daily chart.

Support is seen at 2154 (2h 50-SMA) and any violation would see a dip till 2101 (7-DMA)/2069 (2h 90-EMA)/2030 (10-DMA)/1879 (20-DMA).