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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The British pound dropped more than 100 pips yesterday. Although the price approached the target level of 1.2294, the low from April 22, 2024, it did not reach it. If today's trading closes with a bearish candle, this will confirm a consolidation below the 1.2367 level, establishing a strong basis for a potential breakthrough of 1.2294, with further movement anticipated toward 1.2186.
However, the price channel of the Marlin oscillator may present a challenge, as its signal line could bounce off the lower boundary. There is also the possibility of a quick breakout from this channel. With tomorrow's U.S. labor data release on the horizon, we consider this "decisive" scenario to be the most likely outcome.
On the H4 chart, the price has already consolidated below the 1.2367 level. The Marlin oscillator has turned upward, suggesting further consolidation below this level. It seems that the pound is preparing for tomorrow's crucial U.S. data.
*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।
