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BTC/GBP fell to a low of 712.33 levels on Tuesday before restoring its strength to 734 levels, where it currently trades (Coinbase).
Ichimoku analysis of daily chart:
Tenkan Sen: 718.78
Kijun Sen: 777.50
Trend reversal: 662.62 (90-EMA)
On the upside, the pair faces immediate resistance at 739.57 (21-DMA) and a break above would target 753 levels (trend line joining 467.77 and 611.12) /778.52 (January 08 high).
On the flipside, the pair has taken support near 711.78 (cloud top) and a break below would target 699 (55-EMA)/662.62 (90-EMA).
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FxWirePro: BTC/GBP takes support at cloud top, further bullishness only above 750
Tuesday, January 24, 2017 10:59 AM UTC
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