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!
USD/JPY broke the long-term downtrend line in March, which we addressed and now has broken above the inverted S/H/S neckline at 124.19, which calls for a rally towards the S/H/S target at 173.16 in the months ahead. On the way higher towards the S/H/S target, we see strong resistance at 151.65, but it will likely be just a temporary bump on the way higher.
The break above resistance at 124.19 is a major shift in the long-term trend of the JPY for the first time since 1978 we are seeing higher highs and higher lows indicating more upside to be seen in the coming months and maybe years ahead. The change in trend isn't any surprise as we already placed wave [5] at the 75.57 low years ago, but the resistance at 124.19 was broken that easily wasn't in the cards and the implications for the global economy is huge.
*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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