Based on the Fibonacci retracement levels shown on the chart, price action is currently respecting key fibo zones and maintaining bullish momentum. The structure suggests that buyers are still in control, and as long as the market continues to hold above the identified support levels, the next upside extension remains valid.

According to the Fibonacci projections, the expected target is around 132,700, which aligns with the next major fibo expansion level. A sustained break above the recent swing high increases the probability of price reaching this zone.

Fathi Alhamouri

Fathi Alhamouri

Nov 27 2025

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