BTC/GBP continues to trade below the major trend line resistance at 722 levels at the time of writing (Coinbase).
Ichimoku analysis of daily chart:
Tenkan Sen: 683.18
Kijun Sen: 777.50
Trend reversal: 633.82 (100-DMA)
On the upside, the pair faces strong resistance at 745 levels (trend line joining 467.77 and 611.12) and a consistent break above 752 (21-DMA) would see it testing 778.52 (January 08 high)/818.21 (61.8% retracement of 950 and 605.01).
On the flipside, the pair is likely to find support near 707 levels (7-DMA) and a break below would see it falling to 676 (50% retracement of 605.01 and 748.55)/655 (90 EMA).
