BTC/GBP broke above Ichimoku cloud on Thursday and hit 965 levels. It is currently trading in a close range between 946 and 963 levels at the time of writing (Coinfloor).
Ichimoku analysis of daily chart:
Tenkan Sen: 892.50
Kijun Sen: 872
Momentum studies remain bullish – RSI is holding at 59, MACD line is above signal line, the pair is well above major trend lines and has taken support near Cloud top.
On the upside, a break above 965 levels (April 06 high) would see the pair testing 1003 (78.6% retracement of 1085 and 706)/1038 (March 14 high)/1085 (March 10 high).
On the flipside, the pair has taken support near 946 (Cloud top) and a break below would see a dip till 935 (5-DMA)/914 (50-DMA).
