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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The downward movement of the GBP/USD pair yesterday led to an increase in demand in the US trading session. This makes it possible to consider the resumption of growth in the upcoming days.
The pair is trading near the significant support zone of the WCZ 1/2 1.3719-1.3702. Testing this zone will indicate the trading direction in the next three days. In addition, keeping the price above the Weekly Control Zone 1/2 will allow us to enter purchases. The first target to rise will be the September high. The main movement will be an increase to the weekly short-term target of 1.3979-1.3945. It should be noted that reaching this zone will allow us to close most of the purchases and indicate the end of the ascending medium-term cycle.
The main trading tactic will be buying from support zones once the pair has formed a medium-term reversal pattern, as sales from current levels are not profitable. To break the upward movement, it will be necessary to close today's trading below the level of 1.3702.
*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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