will the fib 50% level holds???

After skydiving for 348 pips, the beast retraces upward and now seems to be rejected by the fib 50% level. As long as the price stays below 134.00, there might be a possibility that the bears will come out again to pull the beast down to 132 area again.

Should the yesterday low at 132.00 is broken, next destination could be 130.xx. Let see how the market play s it out. Below is the hourly chart as of 9.30 am Malaysia.


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