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 intraday drop below the round level of 156.00 and the 100-hour and 200-hour simple moving averages (SMA) confirms the possibility of further declines amid negative oscillators on the hourly chart. However, on the daily chart, the oscillators remain in positive territory, suggesting that a further decline may attract buyers near the round level of 155.00. It is also important to note that the relative strength index is close to neutral, indicating weakness among bulls.
Further selling below the psychological level of 155.00 would shift the short-term trend in favor of the USD/JPY bears.
On the other hand, sustained momentum above the round level of 156.00 could lift spot prices to 156.60-156.70 on the way to the round level of 157.00 or to the two-week high reached on Tuesday. Long positions above this level would pave the way for additional growth. Subsequently, the USD/JPY pair might surpass intermediate resistance levels of 157.20 and 157.50, aiming for the multi-month high around 158.00 reached in November.
*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।
