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!
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EUR/JPY hit the expected target at 132.16 (the high has been seen at 132.37) without problems. We will now be looking for a minor correction to 130.66 and maybe even closer to 128.37 before the next impulsive rally higher to 135.50 as the next upside target.
Longer term much higher levels should be expected, but for now a minor correction is in the cards towards 130.66 and possibly even closer to 128.37 before the next real push higher.
Trading recommendation:
Look for an opportunity to re-buy EUR near 130.66 and maybe even closer at 128.37 for the next serious rally higher to 135.50
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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