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DKKJPY: Short opportunity on the 1W Resistance.

Short
DANISH KRONE / JAPANESE YEN (FX_IDC:DKKJPY)  
InvestingScope  
FX_IDC:DKKJPY   DANISH KRONE / JAPANESE YEN
Trend Analysis Chart Patterns Technical Indicators DKKJPY dkk jpy danishkrone japaneseyen Forex Currencies currency pairs
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trendanalysis chartpattern indicator dkkjpy dkk jpy danishkrone japaneseyen forex currencies currency pairs
The pair has been on a 1D Channel Up since September (RSI = 54.610, MACD = 0.760, Highs/Lows = 7.6694) which has recently hit the 16.25000 1W Resistance. So far that level has been holding for 10 sessions, indicating strong sell bias. Being also the Higher High of the Channel and since the previous times the 1D RSI has been on similar levels a decline took place, we are expecting at least 16.0200 on this pull back.






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