A price action above 46.00 supports a bullish trend direction. Further bullish confirmation for a break above 48.00. The target price is set at 50.00 and 54.00 (its 78.6% Fibonacci retracement level). The stop-loss price is set at 43.00 (its 200-week simple moving average). Building on its 200-week simple moving average, which might support the upside price potential.