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FxWirePro: BTC/GBP faces cloud top resistance at 940, good to go long on break above

BTC/GBP is currently holding well above 50-DMA and trading at 931 levels at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 874.50

Kijun Sen: 872

A consistent break above 940 (convergence of Cloud top and 61.8% retracement of 1085 and 706) will see the pair testing 966 (February 24 high)/1003.

On the flipside, support is seen at 901 (7-DMA) and any violation would drag it to 873.55 (55-EMA)/839.93 (90-EMA).

Overall trend appears bullish with RSI at 56 (bias higher), MACD line is above the signal line, and the pair is successfully holding above 7-DMA from past couple of days.

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