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!
On Friday, following strong employment data from the U.S., the pound sterling reached a significant support level at 1.2186 and has paused its movement this morning.
The Marlin oscillator's signal line has exited its descending channel, suggesting a continued bearish outlook. However, for this trend to develop, the price must break below the 1.2186 support level. If this level is breached and the price consolidates below it, the next target would be at 1.2036.
On the four-hour chart, a mild divergence has formed, which indicates potential for a correction.
For the downtrend to persist, the price not only needs to break below the 1.2186 level but also must consolidate beneath it in the four-hour timeframe. If this doesn't happen, it could lead to a correction toward the 1.2294 resistance level.
With no major news expected from the U.S. or Europe today, the correction may take up to two days to fully unfold.
*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।
