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!
Previously, the GBP/USD pair remained under bearish pressure to challenge the lower limit of the channel around 1.3000 which failed to hold prices above.
Shortly after, a new daily low was established around 1.2150 which was bypassed few days after.
However, considerable support zone existed around 1.1850-1.1900 which has prevented further bearish decline for sometime.
However, as bullish momentum started to fade away, more bearish visits were expected to challenge these historical low levels.
Shortly after, Quick bearish decline was executed towards 1.1075 & 1.0860 where significant Fibonacci Expansion levels are located.
Based on the upcoming price action and the current weekly candlestick closure, the next target level for the GBP/USD pair can be determined.
Further bearish decline towards 0.9950 may be expected shortly unless the current re-closure above 1.0860 is maintained for some time. If so, the current scenari would be a high probability bullish pullback at least towards 1.1400.
*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。
InstaSpot分析评论将让您充分了解市场趋势！ 作为InstaSpot的客户，您将获得大量的免费服务以实现有效的交易。
