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Current view.
Friends, the decline trend indicated by the blue I marked inside the wedge has not been broken yet.
But there is no room for maneuver left.
Of course, it could be a decision that negatively affects or there could be a positive price action in anticipation of the upcoming decision, meaning unpredictable volatile movements can be seen before such news. Therefore, it is beneficial to stick to support and resistance levels.
The short-term chart we will base this on could be the chart I shared.
🔴If it breaks down the wedge, the most likely support zone we will follow will be 92K. The 88.7K level can also be monitored as a lower support.
🟢If the blue falls breaks upwards, the wedge resistance at 99.5K will be our first target. If the rise continues afterwards, we will monitor 106K as the next resistance.
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