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 USD/JPY pair is trading at 128.50 at the time of writing. It's trapped between the 127.35 former low which represents a downside obstacle and the 129.56 historical level which stands as an upside obstacle.
The downtrend line represents a dynamic obstacle as well. As long as it stays below it, the USD/JPY pair could extend its downside movement.
Testing and retesting 129.56 and the downtrend line may announce a new downside movement at least towards 127.35. Dropping below this former low could open the door for a larger drop.
*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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