BTC/GBP is trading in a very tight range on Monday between 971 and 980 levels. It is currently trading at 978 levels at press time (Coinfloor).
Ichimoku analysis of daily chart:
Tenkan Sen: 925
Kijun Sen: 865.50
Momentum studies remain bullish as RSI is strong at 61, and MACD line is above signal line. On the upside, the pair faces resistance at 1003.89 (78.6% retracement of 1086 and 706) and a break above would target 1038 (March 14 high)/1062 (March 03 high).
On the flipside, the pair has taken support near 968 (5-DMA) and a break below would see a dip till 947 (Cloud top)/922.20 (50-DMA). In the hourly charts, 959.42 (1h 100-SMA) is acting as a major support for the pair and a close below is likely to see minor bearishness in the pair.
