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FxWirePro: BTC/GBP breaks below 1000, further bearishness on close below 20-DMA

BTC/GBP has broken below the 1000 mark and is trading around 997 levels at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 947.50

Kijun Sen: 947.50

On the upside, resistance is seen at 1038 (March 14 high) and a break above would see it testing 1062 (March 03 high)/1085 (March 10 high).

On the flipside, the pair has broken below 5-DMA and holding just above 991.55 (20-DMA). A decisive break below this level would confirm minor bearishness and target 956 (23.6% retracement of 616 and 1062)/905 (38.2% retracement of 616 and 1085).

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