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GBPUSD 27 Dec 2023

GBPUSD 27 Dec 2023 on Daily timeframe. This pair looks like experiencing a good trend, being well above the kumo cloud on the ichimoku indicator also shows an ongoing bullish signal. This is also reinforced by the stochastic indicator which also shows the same strengthening towards the 80 level. If this bullish trend continues then go-long is definitely an option for traders. But when the pair eventually enters the saturated zone due to oversold, traders can be prepared to change positions to go-short. Keep learning many indicators before making trading decisions.

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