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!
EUR/JPY has broken below the 23.6% corrective target which does open for the possibility of a continuation lower to the 38.2% corrective target at 129.06. That said, we see solid support near 129.60 that could halt the corrective decline and push EUR/JPY higher again. The decline from 134.06 also show clear signs of being overextended , therefore we should expect a strong reaction higher once a corrective low is in place. A break above minor resistance at 130.89 will be the first good indication that the corrective low is in place and a new impulsive rally is unfolding towards 135.42.
Trading recommendation:
Buy a break above 130.89 for the next impulsive rally towards 135.42
*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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