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 USD/JPY pair climbed as much as 136.56 today and has found resistance. Now, it is traded at 136.10 at the time of writing. As you already know from my previous analysis, the trading instrument maintains a bullish bias, so further growth is still ahead.
Today, the Japanese data came in mixed. The Current Account was reported at 0.01T below 0.16T expected, the Economy Watchers Sentiment dropped from 54.0 to 52.9 points, Bank Lending rose by 1.3% exceeding the 0.9% growth expected, while Household Spending dropped by 0.5% even if the specialists expected a 2.2% growth.
On the other hand, the USD received a helping hand from the US data. The NFP came in at 372K in June versus 260K expected, while the Average Hourly Earnings and the Unemployment Rate came in as expected.
My previous analysis told you that USD/JPY could jump towards new highs. It has managed to stabilize above the broken downtrend line signaling strong buyers. The upside momentum was stopped by the 136.36 former high which stands as static resistance.
In the short term, the price could come back to test and retest the downtrend line and 135.59. Failing to reach and retest these levels may signal strong upside pressure.
A valid breakout above 136.36 may signal further growth. A new higher high, jumping and closing above 136.56 could bring new buying opportunities as the USD/JPY pair could approach and reach 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।
