The pair already breached past the 23.60% level and was slowly heading south. This movement is likely to be stopped by the combined support of the weekly and monthly PP levels near the 86.94 mark. The retracement can be measured by connecting the November low at 84.37 and the January high at 89.10.
Regarding the short-term, the bear is likely to continue growing stronger until it breaks the junior pattern's upper
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