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BTC/GBP broke above 1300 levels on Tuesday and is currently trading at 1344 levels at the time of writing (Coinfloor).
Ichimoku analysis of daily chart:
Tenkan Sen: 1195
Kijun Sen: 1126
On the upside, the pair faces immediate resistance at 1355 (127.2% extension of 903 and 1259) and a break above would target 1409 (127.2% extension of 706 and 1259)/1478.
Overall trend remains highly bullish with no signs of reversal. However, caution is advised as lead indicators are in overbought zone.
On the reverse side, support is seen at 1285 (1h 20-SMA) and any violation would drag it to 1249 (5-DMA)/1190 (10-DMA).
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FxWirePro: BTC/GBP surpasses 1300 mark, break above 1355 targets 1400
Tuesday, May 9, 2017 9:16 AM UTC
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