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!
Trend analysis
GBP/USD will continue increasing this week, starting from the closing of the last weekly candle at 1.1378 to the upper fractal at 1.1644 (yellow dotted line). After that it will move to the 76.4% retracement level at 1.1833 (dashed blue line), then start a downward movement.
Fig. 1 (weekly chart)
Comprehensive analysis:
Indicator analysis - uptrend
Fibonacci levels - uptrend
Volumes - uptrend
Candlestick analysis - uptrend
Trend analysis - uptrend
Bollinger bands - uptrend
Monthly chart - uptrend
All this points to an upward movement in GBP/USD.
Conclusion: The pair will have a bullish trend, with no first lower shadow on the weekly white candle (Monday - up) and a second upper shadow (Friday - down).
So during the week, pound will rise from 1.1378 (the closing of the last weekly candle) to the upper fractal at 1.1644 (yellow dotted line), then go to the 76.4% retracement level at 1.1833 (dashed blue line). A downward movement is likely to follow.
Alternatively, quotes could climb from 1.1378 (closing of the last weekly candle) to the upper fractal at 1.1644 (yellow dotted line), then move down to the 23.4% retracement level at 1.1337 (dashed blue line). The pair may continue to rise after testing this level.
*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。
