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!
GBP/USD is trading under 1.37, suffering from robust dollar demand. The financial woes of China's Evergrande threaten a drop in global demand. Soaring energy prices are also weighing on sentiment. The Fed and the BOE are eyed later this week.
The Relative Strength Index on the four-hour chart is well below 30 – reflecting oversold conditions. That indicates an upside correction is due. Other indicators such as momentum and Simple Moving Averages point lower.
Some support awaits at 1.3570, the mid-August low. A more substantial cushion awaits at 1.3660, which is the daily low. It if followed by 1.36, a psychologically significant level and the lowest point in the summer. Further down, 1.35 awaits the pair.
Some resistance is at 1.3720, a swing low from mid-September. It is followed by 1.3765. 1.38 and 1.3855.
*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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