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BGPAUD - 8 March 2023

GBPAUD H4 march 2023. Observing GBPAUD on the H4 timeframe, it seems that there has been a decline in prices caused by oversold on the Stochastic indicator. Even so, this pair still remains above the Kumo cloud in the range of 61.8 and 100.0 Fibo. Under these circumstances a go-short position could be an option. But we still have to be aware of the possibility of a trend reversal. Trade with your own risk.

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