With price expected to reverse off the stochastic indicator, we have a bearish bias that price will drop from our entry at 48962 in line pullback resistance and 127.20% Fibonacci extension towards our take profit at 44814 in line with the latest pull back support and 38.2% Fibonacci retracement . Alternatively, if prices were to break out, price may potential rise towards our stop loss at 52933 which is in line with the 161.80% Fibonacci extension level.

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