The market structure have been conforming to higher lows suggesting that there is a possibility of going long. The Fibonacci extension respected the current market structure and suggests that TP1 should be at 78.101 and TP2 should at least be at 78.886. If the market goes above TP2 it might come back to retest the trendline and shoot up to 80.442. However it might take weeks to months depending on fundamentals.
Trend Analysis

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