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CNHJPY 30 March 2023. Looking at CNHJPY on the H1 timeframe, it appears that this pair managed to break the trendline and penetrated R1 towards R2. If we look at the Ichimoku indicator, this pair is in a bullish trend. However, when referring to the Stochastic and MFI indicators, it is possible for a trend reversal to occur due to overbought. Therefore go-short can be an option for scalpers. Stay alert to the volatility of the market.
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