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UKOUSD 12 Oct 2023

UKOUSD 12 Oct 2023 on Daily timeframe. This commodity is still struggling to break out of the kumo cloud on the ichimoku indicator. It is in the range between S1 and R1 with a price position of 86.136 after being bearish in the previous session. If referring to the stochastic indicator, the moving average chart shows that the bearishness will continue. Therefore, go-short can still be an option for now. But if there is a factor that can affect the change in the market, then there is a trend reversal to bullish towards R1 or even break it, then go-long can be an option. Learn many indications and pay attention to market movements before making trading decisions.

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