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 GBP/USD pair is trading around 1.2635, bouncing after a sharp drop around 2/8 Murray at 1.2573. From that level, the British pound has been bouncing and is now showing signs of exhaustion. Below the 200 EMA or below the 4/8 Murray pivot point located at 1.2695, GBP/USD could resume its bearish cycle.
We expect GBP to fall towards the area of 1.2573. The instrument could even reach the psychological level of 1.25.
In the next few hours, we could look for opportunities to sell. In case the pound sterling consolidates below 1.2696 (200 EMA), this could be seen as an opportunity to sell with targets around 1.2634 and 1.2573.
GBP/USD had a break. If the price consolidates above 1.2756, it could continue its rise and could reach 1.2817 and ultimately, the psychological level of 1.30.
Given that the pound is under a strong downtrend, we believe that with any technical bounce below 1.2817 (6/8 Murray), the outlook will remain negative for the British pound.
*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।
