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!
Violet lines- Fibonacci retracements
Yellow rectangle- support area
Green lines- expected path
In our previous posts on USDJPY we warned of the potential pull back to close the gap it opened at the beginning of the week. Earlier today price closed the gap and from current levels or lower we expect a trend reversal. USDJPY has so far retraced 50% of the rise from the 128.10 lows. The yellow rectangle is support area and I expect price to reverse to the upside from inside it. Ideally we should see USDJPY retrace 61.8% of the entire rise from 128.10. Our most probable scenario suggests that USDJPY is in the process of forming a higher low and then starting a new upward move to push price towards 134-135.
*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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