With price moving above the ichimoku cloud , price is expected to rise to our entry at 119.04 in line with the 50% Fibonacci retracement and horizontal swing low support to our take profit area at 127.10 in line with the127.2% Fibonacci extension. Alternatively, price may break entry structure and head for our stop loss at 113.41 in line with the 50% Fibonacci retracement and horizontal swing low support.
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