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!
GBP/USD rallied after ending its minor decline. The bias was bullish despite the temporary correction, so the pair was expected to come back higher. It's traded at 1.4168 level below 1.4177 resistance area.
The Pound remains very strong, some positive data reported today and tomorrow from the UK should boost the GBP. UK's Unemployment Rate is expected to remain steady at 4.9%, the Claimant Count Change could increase from 10.1K to 25.6K, while the Average Earnings Index may increase by 4.5%.
Furthermore, the UK inflation data will be released tomorrow. In line with expectations figures or better should lift the Pound.
GBP/USD edged higher after retesting the weekly pivot point (1.4083) and now is traded below the R1 (1.4173). Actually, the pair stands below a major confleunce area formed at the intersection between R1, 14177, with the second warning line (WL2) of the descending pitchfork.
Technically, a valid breakout through the confluence area indicates strong growth, while a false breakout or a reversal pattern printed here could announce a sell-off.
The bias is bullish, so an upside breakout is favored. Still, we have to wait for a valid breakout to validate a further upwards movement.
GBP/USD's failure to reach 1.4177 in its previous attempt signaled that the pair will come back and pressure it in the end. Jumping and stabilizing above 1.42 psychological level could confirm an upside movement towards fresh new highs.
*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।
