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!
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GBP/USD
The British pound has nearly reached the target level of 1.2645. In order to continue the upward movement, the price must, at the very least, surpass it. A potentially restraining factor is the wedge-shaped construction of the Marlin oscillator, from which its signal line is not in a rush to exit. If Marlin continues to fall, we expect a correction.
If our leading oscillator exits from the wedge upwards, then we expect further upward movement. However, the wedge will no longer be a wedge but simply a consolidation. This happens frequently. The first target is 1.2745, and the second target is 1.2837. At one of these levels, Marlin is expected to enter the overbought territory. This is when the correction is likely to occur.
On the 4-hour chart, the price is rising above the balance and MACD indicator lines. The Marlin oscillator is slowly moving deeper into the uptrend territory. We expect the price to be stable above the level of 1.2645.
*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।
