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GBPAUD 30 Jan 2024

GBPAUD 30 Jan 2024 on the H4 timeframe. Had experienced sideways moving for quite a long time above the kumo cloud on the ichimoku indicator until finally the pair began to bearish and fell into the kumo cloud. Even so, it appears on the candle chart that this pair is initiating bullish. in addition, it appears that the MACD indicator has been oversold which allows a trend reversal to occur. If the trend reversal continues, then go-long could be an option for traders. However, if the pair fails to continue bullish and then declines again, then go-short is an option. Keep an eye on the market movements and consider all possibilities before making a trading decision.

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