BTC/GBP dropped to 1344 levels on Friday before restoring its strength to above 1400 levels. It is currently trading at 1414 levels at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 1290

Kijun Sen: 1195

On the upside, the pair faces immediate resistance at 1461 (May 11 high) and a break above would see it testing 1500 (psychological)/1559 (113% extension of 706 and 1461).

On the 2-hour chart, the pair has taken support near 1346.90 (2h 50-SMA) and is currently trading just above 1410 (2H 20-SMA). Further bullishness would be seen on a close above this level.

Overall bias remains bullish as long as the support at 1364 (5-DMA) holds. A close would target 1331 (23.6% retracement of 913 and 1461)/1300.