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 moving sideways in the short term and is located at 149.34 at the time of writing. The price action signaled exhausted buyers, but a corrective phase is still far from being confirmed. The price is ranging as the Dollar Index and Yen Futures crashed, weakening both currencies.
The USD lost ground versus its rivals as the Final GDP, Pending Home Sales, and Final GDP Price Index came in worse than expected. Today, the Japanese data came in mixed. The Tokyo Core CPI, Unemployment Rate, Consumer Confidence, and Housing Starts disappointed, while Retail Sales and Prelim Industrial Production reported positive data.
Later, the US data could be decisive. The Core PCE Price Index and Revised UoM Consumer Sentiment represent high-impact events. Only positive data could save the USD from the downside.
Technically, USD/JPY stabilized below the uptrend line and now it could develop a sell-off. It has retested the 149.49 former high but it has failed to close near it signaling strong selling pressure.
The weekly R2 (149.18) represents a key downside obstacle. It remains to see how it reacts around it. As long as it stays above it, the rate could resume its growth.
A bearish closure below the former low of 149.14 activates more declines. This is seen as a short 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।
