With price moving above the ichimoku cloud and expected to bounce off the stochastic indicator, we have a bullish bias that price will rise to our take profit at 49023 in line with the 127.2% Fibonacci extension from our entry of 44893 in line with the 38.2% Fibonacci retracement . Alternatively, price may break entry structure and head for our stop loss at 42465 in line with the 61.8% Fibonacci retracement and pullback support.

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