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FxWirePro: BTC/GBP trades rangebound, bias neutral

BTC/GBP broke above 21-DMA and is now hovering around 7-DMA at 734 levels at the time of writing (Coinbase).

Ichimoku analysis of daily chart:

Tenkan Sen: 730.14

Kijun Sen: 777.50

Trend reversal: 666.20 (90-EMA)

The pair is currently trading in a narrow range and is holding above 730 (7-DMA). Further strength will see it testing 774.22 (upper Bollinger).

On the flipside, 715 (50-DMA) is acting as a major support and a break below would target 681.65 (Cloud bottom)/663.71 (lower Bollinger).

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