It could act as resistance area so watch now if this is resistance then surely we must braeak below 127.00 to test the lows around 124.96 area
So watch for a break if we manage to break below 124.96 then 118.73 should be here in short time Where Wave 2 might have bottomed of one larger degree And 38.2% of the fibo from the bottom of 94.10 to High
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