BTC/GBP is trading in a narrow range as it is facing stiff resistance at 20-DMA. It is currently trading at 2043 levels at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 1986

Kijun Sen: 1895

On the upside, a close above 2059 (20-DMA) would target 2118 (May 25 high)/2174 (78.6% retracement of 2315 and 1657). Further strength would see the pair testing 2277 (June 06 high)/2315 (June 12 high).

On the flipside, support is seen at 2012 (5-DMA) and a break below would target 1996 (2h 50-SMA)/1911 (4h 200-SMA)/1876 (50% retracement of 1475 and 2277). Further weakness would drag it to 1707 (50-DMA)/1657 (June 15 low).

Momentum studies: On the daily chart, RSI and stochs suggest higher bias, while the MACD line is below the signal line. However, the downward momentum of MACD appears to be waning.

On the 4-hour chart, the pair is facing stiff resistance at 2086 (4h 100-SMA) and a consistent break above would see further upside. RSI, MACD, and stochs suggest bullish bias.

On the weekly chart, the pair is trading above 5-SMA. Momentum studies appear bullish with RSI holding and the MACD line above the signal line.

Recommendation: Traders are preferred to wait for a confirmed signal on the daily charts. Further bullishness would be seen only on a close above 20-DMA.