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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After a minor corrective rally to 142.73, GBP/JPY is likely to move lower to 140.80 and ideally into the 139.29 - 139.83 target-zone to complete wave C of iv. It is expected also to set the stage for a new rally to above 147.95.
Minor support is now seen at 141.90 and this support will protect the downside for the expected push to 142.73 from where it will decline to 140.80.
R3: 143.00
R2: 142.73
R1: 142.48
Pivot: 142.05
S1: 141.79
S2: 141.46
S3: 141.22
Trading recommendation:
We are short GBP from 143.95 and we will move our stop to break-even.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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