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 currency pair dropped a little in the short term as the Dollar Index crashed while the Japanese Yen Futures rebounded. It's located at 148.64 at the time of writing and is fighting hard to come back higher.
Fundamentally, the Japanese BOJ Core CPI reported a 3.0% growth versus the 3.4% growth estimated. Though, only the US economic figures could move the rate. CB Consumer Confidence may drop to 101.0, HPI is expected to report a 0.4% growth, Richmond Manufacturing Index could be reported at 1 point, while S&P/CS Composite-20 HPI may announce a 4.0% growth. Positive US data could help USD to take full control again.
As you can see on the H1 chart, the rate dropped in the short term, developing a flag pattern. This is seen as a bullish formation.
The price escaped from this chart formation and now it has retested the broken downtrend line. It's trapped between the 148.82 static resistance and the 148.36 downside obstacle.
Staying above 148.36 and above the broken uptrend line and making a new higher high, a bullish closure above 148.82 activates further growth and is seen as a buying opportunity.
*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。
