BTC/GBP trades flat on Monday as China celebrated Lunar New Year holidays over the weekend. It is currently trading at 734 levels at press times (Coinbase).
Ichimoku analysis of daily chart:
Tenkan Sen: 736
Kijun Sen: 777.50
Trend reversal: 670.69 (90-EMA)
On the upside, the pair faces immediate resistance at 736.80 (38.2% retracement of 950 and 605) and a consistent break above would target 764.34 (January 22 high)/818.
On the flipside, the pair has taken support near 727.90 (7-DMA) and any violation would drag it to 705.24 (55-EMA)/ 670.69 (90-EMA).
