Preference:

Prices are on bullish momentum and abiding to our ascending trendline. We see potential for a bounce from our Pivot at 113.619 in line with 50% Fibonacci retracement towards our 1st resistance at 113.967 in line with 127.2% Fibonacci extension and 61.8% Fibonacci extension.

Alternative Scenario:

Alternatively, prices may dip towards our 1st support at 113.435 in line with 61.8% Fibonacci retracement.

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