It has been losing support & been rejected by 200ma several times
if no big catalyst / news comes in next few weeks I can see this heading to 2.52p at least.
Good clean trend switch shown on the hourly chart. It looks like W1 subwaves i-iv and W2 a-c have completed, leaving the possibility of an impulse (sharp) move up in W3. If this plays out, then the W3 target area (resistance to 161% fib) is shown.
Keep an eye out for it getting "stuck" in that rising wedge however.
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PYC
