This is a 4 Hourly Ichimoku chart (with New York Close ) of the pair.
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Price has been below the Cloud for awhile, thus the trend is bearish. On the right hand side, price went up but inside the Cloud, hitting resistance. If you were trading a smaller time frame, there was an opportunity to make some pips.
Just my opinions, speaking in hindsight.
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Ron Miller, Non-Executive Director
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