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
On Friday, the British pound reached 1.2989. This is the average value between the March 2022 low and the July 27, 2023 high. This level is subject to modification. A weak but sufficient divergence for a reversal has formed on the intraday chart.
If the price can consolidate above the new level of 1.2989, the pound could rise to the target range of 1.3124/41. To confirm the reversal, the price needs to accomplish a challenging task – overcome the nearest support level at 1.2847. We await further developments. The Marlin oscillator is declining on the 4-hour chart, but this is only a primary sign of a correction, not a reversal.
For a primary sign of the reversal, the price must overcome the Kijun-sen support line, which is currently below the target level of 1.2847. However, the slower the price declines, the quicker the Kijun-sen line will approach it, making this task easier.
*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।
