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
Yesterday, nothing prevented the British pound from reaching the target level of 1.2745, except for a slight boost in the dollar index, which closed the day with a 0.12% increase. However, the pound fell short and closed the day at the opening level. The signal line of the Marlin oscillator has edged down but remains within the horizontal channel.
The uptrend remains intact, and the pair could reach the target of 1.2745. Once the pair breaches this mark, the next target will be 1.2837, the peak of June 22. On the 4-hour chart, the price maintains a steady pace of growth, even if it is high. There are no clear signs of a reversal. The Marlin oscillator moves horizontally just above the zero line.
The extension of such a movement will be a sign that the uptrend is getting weaker. However, for now, we're waiting for the price to reach the first target level of 1.2745 and consolidate above it. If the price consolidates below 1.2645, it may break the local uptrend, sending the pair into a deeper correction, possibly down to 1.2524.
*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।
