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FxWirePro: BTC/GBP breaks above 1000, good to buy on dips

BTC/GBP continued its uptrend on Thursday, surging past the 1000 mark. It is currently hovering around its new all-time high of 1006 levels at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 907

Kijun Sen: 859.50

Momentum studies suggest extremely bullish bias. Resistance is now seen at 1023 (113% retracement of 936 and 616) and a break above would see the pair testing 1061.20 (127.2% extension of 616 and 966)/1100.

On the flipside, support is seen at 998 (1H 20-SMA) and any violation would see a dip till 956.40 (5-DMA)/935 (10-DMA).

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