Breakout on the upside and chase the gap

With news out this morning confirming the previous cutting confirming the presence of oil it gives a chance to run up and fill the gap to up to 3.10.

Additionally we have been trading in the Fibonacci bank 0-23.6%, opening up higher this morning could also signal a run up to 3.28, retracing to the 61.8% level and in doing so also filling the gap