GBPDKK: Long term Sell opportunity.

The pair has come a few points away this week from breaking into the 1M 8.8050 - 8.9550 Resistance Zone, on an extended 1W bullish streak (RSI = 67.077, ADX = 48.241). This level has been holding as a Resistance since November 2016 and rejects the uptrend every time.

It is natural to assume that this will happen again especially as the 1W RSI has Double Topped. This time also the 1W MA200 is coming in to apply pressure. Our Target Zone (on the medium term) is 8.4000 - 8.2500, which are symmetrical Support levels.

See how well those levels have helped us to call exact long entry and target levels on our last GBPDDK analysis:

https://www.tradingview.com/chart/GBPDKK/aJhA4fXt-GBPDKK-Sell-opportunity-for-the-medium-term/





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