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GBPJPY 10 Jul 2023

GBPJPY 10 Jul 2023 on the H4 timeframe, it looks like this pair is still ranging between R1 and R2. although several times this pair has touched R2 but still has not managed to cross the 183.910 mark. If you look at the Ichimoku indicator which shows this pair is now ranging inside the kumo. Although it looks a signal of bullishness but if referring to the stochastic indicator it looks like a bearish trend will occur again if the crossing between the two lines on the stochastic occurs in the next session. Wait for a clearer indication before making a trading decision or trading with your own risk.

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