BTC/GBP broke below major support at 50-DMA on Thursday and hit 913 levels. It is currently trading at 927 levels at the time of writing (Coinfloor).
Ichimoku analysis of daily chart:
Tenkan Sen: 952.50
Kijun Sen: 850.50
On the upside, the pair faces resistance at 940 (61.8% retracement of 1085 and 706) and a break above would see it testing 956.70 (10-DMA)/995 (April 12 high).
Stochs have rolled over from the overbought zone and MACD appears to be on the verge of bearish crossover. RSI is at 51, but bias appears lower.
On the flipside, the pair has taken support near 911.25 (Cloud top) and a break below would see a dip till 901.47 (21-DMA)/850 (100-DMA).
