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GBPJPY 31 Aug 2023

GBPJPY 31 Aug 2023 on H1 timeframe. After experiencing a bullish trend since 2 days ago and had touched the highest price at 186.018 and then experienced a trend reversal until now it is at 185.706. Still above the kumo cloud on the ichimoku indicator, with a bullish chart signaling go-long is still an option for now. This is reinforced by the stochastic indicator which shows a similar graph, After the occurrence of oversold allows the bullish trend to continue. But on the contrary, if there are factors that are able to influence the market then go-short can be an option when the trend reversal occurs again. Trade with your own risk.

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