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 is trading in the green at 146.11 and it seems determined to approach and reach new highs. The price jumped higher as the DXY rallied while the Japanese Yen Futures dropped. The bias is bullish, so further growth is natural despite minor retreats.
Fundamentally, the US data came in mixed yesterday. Today, the Japanese SPPI reported a 1.7% growth versus 1.2% expected, while Tokyo Core CPI increased only by 2.8% less compared to the 2.9% growth forecasted.
As you already know from my analyses, the Jackson Hole Symposium should be decisive. The Fed Chair Powell Speaks, ECB President Lagarde Speaks, and the US Revised UoM Consumer Sentiment could bring shape movements in both directions.
The USD/JPY pair rallied after retesting the ascending pitchfork's lower median line (lml). Now, it has taken out the 145.95 former high and it challenges the median line (ml). This represents a dynamic resistance.
After its amazing rally, we cannot exclude temporary retreats. Still, staying near the median line (ml) may announce an imminent breakout.
Jumping and closing above the median line (ml) and above 146.21 indicates further growth and is seen as a new buying opportunity.
*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।
