BTC/GBP fell to a low of 712.33 levels on Tuesday before restoring its strength to 734 levels, where it currently trades (Coinbase).

Ichimoku analysis of daily chart:

Tenkan Sen: 718.78

Kijun Sen: 777.50

Trend reversal: 662.62 (90-EMA)

On the upside, the pair faces immediate resistance at 739.57 (21-DMA) and a break above would target 753 levels (trend line joining 467.77 and 611.12) /778.52 (January 08 high).

On the flipside, the pair has taken support near 711.78 (cloud top) and a break below would target 699 (55-EMA)/662.62 (90-EMA).