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UKOUSD 2 June 2023 movement on the H1 timeframe. It can be seen that this commodity has attempted to break out of the kumo cloud on the ichimoku indicator. With the tenkan-sen still above the kijun-sen it is possible for the bullish trend to continue. If that happens, then go-long is an option. But if referring to the stochastic indicator, there could be a trend reversal caused by overbought. Then go-short could be an option for scalpers.
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