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 is trading close to 1.3250, extending the bounce flat amid the risk-on action in the European equities. Hawkish Fed expectations underpin the greenback and may cap gains amid Brexit uncertainties. Focus on Omicron updates and BOE-speak.
From a technical viewpoint, Friday's downfall confirmed a near-term bearish break through a short-term descending channel extending from July. That said, the pair's ability to defend the 1.3200 mark warrants some caution for aggressive bearish traders. Hence, it will be prudent to wait for some follow-through selling below the mentioned handle before positioning for any further depreciating move. The pair might then accelerate the downfall towards the next relevant support near the 1.3125 region en-route the 1.3100 mark and the 1.3050-45 region.
On the flip side, any subsequent move up is likely to confront a stiff resistance near the 1.3300 round figure. A sustained move beyond will suggest that the pair has formed a near-term base near the 1.3200 mark and pave the way for additional near-term recovery. The pair might then accelerate the recovery momentum towards the 1.3340-50 supply zone en-route the 1.3370 area and the 1.3400 level. The latter should act as a key barrier, which if cleared decisively will negate any near-term bearish bias.
*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।