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UKOUSD 13 Feb 2024 on the daily timeframe. This commodity is seen to be in a bullish trend that has been initiated since last week. Departing from the price position of 78.239 after a trend reversal and is now at the price position of 82.194. If the bullish trend continues towards S1 then go-long can still be an option for traders. However, if referring to the stochastic indicator, it appears that the chart has been in a saturated zone due to overbought, if a trend reversal occurs then go-short is an option. Keep an eye on volatile market movements before making trading decisions.

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