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!
The British pound has recouped some of its losses after finding strong support around Murray's 4/8 level, when it fell yesterday during the US session. A strong technical rebound pushed it to current price levels around 1.3335.
Given that the pound is approaching the resistance zone around 1.3379, where the 200 EMA is located, GBP/USD may struggle to continue rising and could present an opportunity to open short positions.
Given that the daily R_2 is located around 1.3335, we could expect GBP/USD to pull back below current price levels toward the 5/8 Murray zone at 1.3305, and we could even see a correction toward the 50% Fibonacci retracement level at 1.3240.
If bullish momentum prevails, strong resistance is expected at the 200 EMA; this level could be considered an opportunity to sell with targets at the 21 SMA.
Given that the Eagle indicator is showing a positive signal, any pullback in the British pound will be viewed as a buying opportunity in the coming days, with targets at the 200 EMA around 1.3379 and ultimately at the 6/8 Murray zone around 1.3427.
*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।
