BTC/GBP resumed its uptrend on Friday following the pair's slump seen on May 25 when it dropped from the all-time high of 2118 levels and closed at 1806 levels. It is currently trading at 2008 levels at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 1743

Kijun Sen: 1584.50

On the upside, a decisive break above 2045 (today’s high so far) would target 2118 (May 25 high)/2153.75 (261.8% extension of 706 and 1259)/2216 (200% extension of 706 and 1461).

Overall trend remains bullish as the pair continues to hold above 5-DMA) levels. However, caution is advised as bearish RSI divergence could be seen on daily charts.

On the downside, support is seen at 1920 (2h 5-SMA) and a break below would see it testing 1870 (4h 20-SMA)/1806 (5-DMA). A close below 5-DMA would see minor bearishness in the pair.