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 rallied in the short term and now is located at 149.71 at the time of writing. You knew from my yesterday's analysis that the currency pair could develop a new leg higher after reaching 147.32.
The USD extended its short term growth after the FOMC Meeting Minutes. Today, the US reported mixed economic data. The Revised UoM Consumer Sentiment and Unemployment Claims came in better than expected, while Durable Goods Orders and Core Durable Goods Orders came in worse than expected. On Friday, the US manufacturing and services data should move the rate.
From the technical point of view, USD/JPY developed a strong leg higher after taking out the 147.83 immediate resistance.
Now, it has escaped from the down channel pattern signaling further growth. The former high of 149.99 stands as the first upside target.
Jumping and consolidating above 149.99 validates an upside continuation and could be 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।
