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!
The CHF/JPY pair moves sideways in the short term. It's trapped between 166.54 and 164.45 levels. It's trading at 164.73 at the time of writing. As you can see on the H1 chart, the rate is almost to reach the uptrend line and the 164.45. Technically, these lines represent downside obstacles.
As long as it stays above these levels, the currency pair could resume its growth, it could extend the uptrend line.
Staying above the uptrend line may announce a new upwards movement at least towards the 166.54 former high. A larger growth could be activated after the rate jumps above this obstacle.
On the other hand, dropping below the uptrend line and under 164.45 is seen as a selling opportunity as the rate could develop a downside reversal.
*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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