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GBPAUD 28 Feb 2024 on the H1 timeframe. This pair was seen to experience a significant increase after reversing the trend when it touched the kumo cloud on the ichimoku indicator. Experiencing bullishness that managed to bring this pair to the price position of 1.94322 after previously only being at the price position of 1.93685 earlier this morning. If referring to the stochastic indicator, it shows that this pair is now in a saturated zone which allows a trend reversal to occur due to overbought. If a trend reversal does occur, then go-short could be an option for traders. But if the pair is able to survive and continue its bullish trend, then go-long is still an option. Keep an eye on volatile market movements, calculate every possibility before making trading decisions.

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