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 3465 in line with the 161.8% Fibonacci extension and 100 fibonacci projection from our entry of 3194 in line with the 23.6% Fibonacci retracement . Alternatively, price may break entry structure and head for our stop loss at 2960 in line with the 50% Fibonacci retracement and pullback support.

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