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 strong rally above minor support at 152.44 indicated that wave iv/ completed early with a low at 151.32 and that wave v/ towards the 159.47 - 159.75 area now is in motion.
Short-term we should expect a temporary set-back into support between 152.27 - 152.72 from where the next impulsive rally higher towards 155.86 and then on to 159.47 to complete wave v/ of iii.
Trading recommendation:
If you are not long GBP already from 152.44, then use the dip into the support-area between 152.27 - 152.72 as a second chance to load GBP for the next impulsive rally higher.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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