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!
If we look at the 4-hour chart of the AUD/JPY cross currency pair, we can see that the 50 MA is above the 200 MA, which means it is still intersecting with the Golden Cross, which indicates that Buyers are still dominant, especially as this is also confirmed by the holding of the AUD/JPY downward correction at the area level. The Bullish Fair Value Gap is holding back the pace of the weakening correction thereby giving strengthening momentum to this currency pair so that as long as there is no further weakening correction which breaks below the 100.46 level then AUD/JPY still has the potential to continue its strengthening up to the 102.83 level in the near future and if the momentum and volatility are supportive, so it is not impossible that level 103.84 will be the next target to be aimed at.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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