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!
GBPUSD slipped through the 1.2170 lows on Thursday before finding support again. The currency pair is seen to be trading close to 1.2275 at this point in writing and is expected to continue pushing higher through the 1.2665 mark at least in the near term. The structure remains bullish until prices stay above the 1.1930 mark going forward.
GBPUSD has completed its larger degree corrective drop, which began at the 1.4250 highs earlier. The complex corrective structure might have terminated towards the 1.1930 lows recently as bulls came back strong thereafter. If the above-proposed structure holds well, prices would stay above 1.1930 and turn higher towards the 1.2665 initial resistance in the near future.
GBPUSD also managed to carve a lower degree upswing between 1.1930 and 1.2405 in the past few trading sessions. Prices further retraced through the Fibonacci 0.50 level close to the 1.2170 mark. The potential remains for a drop through the 1.2110-20 levels before the rally could resume higher again.
Potential rally through 1.2665 and 1.3150 against 1.1800
Good luck!
*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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