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GBPUSD 4 Dec 2023

GBPUSD 4 Dec 2023 on the Daily timeframe. The pair looks successful to rally and break the kumo cloud on the ichimoku indicator. It is at a price position of 1.26763 after experiencing a bullish trend in the previous few sessions. However, it appears that a bearish trend signal is occurring on the candlestick chart. This is also reinforced by the chart on the stochastic indicator which shows a decrease in the moving average line. If bearish is true then go-short could be an option. On the other hand, if the bullish continues, then go-long is the choice. learn many indicators before making trading decisions.

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