Just a quick update.As can be seen on the 5 minutes chart above, we should see a small rise higher towards 123.11, which is both the 38.2 retrecement and the top of wave iv of a lessor degree. From 123.11 we should see a new decline down to 121.05.
If 123.11 is clearly broken wave 2 will extend higher towards 123.24-123.39 area before the next decline is seen.
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