The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The trend of GBP/USD pair movement was controversial as it took place in the uptrend channel. Due to the previous events, the price is still set between the levels of 1.4025 and 1.4166, so it is recommended to be careful while making deals in these levels because the prices of 1.4025 and 1.4000 are representing the resistance and support respectively. Therefore, it is necessary to wait till the downtrend channel is passed through. Then the market will probably show the signs of a bearish market. In other words, buy deals are recommended above the price of 1.4025 with the first target at the level of 1.4166. From this point, the pair is likely to begin an ascending movement to the price of 1.4166 with a view to test the daily resistance at 1.4217.
However, if the pair fails to pass through the level of 1.4217, the market will indicate a bearish opportunity below the strong resistance level of 1.4217. In this regard, sell deals are recommended lower than the 1.4217 level with the first target at 1.4102. It is possible that the pair will turn downwards continuing the development of the bearish trend to the level 1.3886. On the other hand, stop loss has always been in consideration thus it will be useful to set it above the last double top at the level of 1.0910 (notice that the major resistance today has set at 1.4303).
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
