On the daily chart above, a short term support line can be seen at 112.10 while a major support is seen at 108.41. Yesterday, there was a decline in price but still above 112.10. I expect further decline with my take profit at 112.10 and the next take profit at 108.41. As its only the daily chart above, only sell position looks more ideal and can be advised with take profits at 112.10 and 108.41 respectively. On the other side, should the price breakout above 114.11, then this is an ideal place to look for a long position. Until then, only a short position looks ideal.
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