BTC/GBP is trading in a close range between 938 and 946 levels on Monday. It is currently trading at 945 levels at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 954

Kijun Sen: 850.50

On the upside, the pair faces resistance at 950.71 (7-DMA) and a break above would target 966 (February 24 high)/995 (April 12 high).

Stochs are biased lower and bearish crossover of MACD could be seen on daily charts. RSI is holding above 50 and the pair has taken support near 50-DMA which suggests that we could see some consolidation around current levels.

The pair has taken support near 926.58 (50-DMA) and any violation would drag it to 901.42 (55-EMA)/878 (February 24 low). Watch out for a close below 938 (2h 200-SMA) for signs of minor bearishness in the pair.