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The price of this currency pair has maintained a clear upward trend over the long term, with higher highs and higher lows, and an upward trendline leading all moves.
After the latest price increase, the price corrected slightly and formed a nice bull flag pattern.
These are exactly what you want to see in an established uptrend, a controlled correction, a small decline, and no strong selling pressure.
The sellers failed to break through the bottom, the momentum continued, and the overall structure maintained the upward trend.
Currently, the price is breaking out of the flag pattern and I think this trend may continue.
If price remains above the trendline and does not break out of the bottom of the flag pattern, my prediction remains bullish.
My target is around 113.150.
