With the recent break of the ichimoku cloud to the upside, we have a bullish bias that price will rise to our take profit area of 3027 in line with the 161.8% Fibonacci projection level from our entry of 2749 where the support of the ichimoku cloud and the horizontal pullback support is. Alternatively, price may break pivot structure and head for our stop loss at 2506 in line with the 100% Fibonacci projection and swing low support.

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