GBPUSD: Sell opportunity within the 1W MA50 and 200.

The pair is trading on a descending channel on the 1W chart (RSI = 55.307, MACD = 0.000, Highs/Lows = 0.000) since January 2018. It was a rejection on the 1W MA200 that made the first Lower High (has been holding as a Resistance since then) and then the price made Lower Highs within the 1W MA50 and MA200.

We are currently on that spot, with the 1W RSI on the 1W Resistance, indicators which all signal a Sell opportunity. Our Target Zone iw 1.1950 - 1.1550.





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