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 GBP/USD pair continues to drop, it could approach and reach fresh new lows as long as it stays below the downtrend line. As you already know from my previous analyses, GBP/USD was expected to drop deeper if it drops below 1.3355 former low.
Failing to reach and retest the downtrend line could announce strong sellers and potential further drop.
Staying below the downtrend line and dropping below 1.3355 former low was seen as a selling opportunity. It could approach and reach fresh new lows ass long as it stays under the downtrend line.
Retesting the downtredn line could bring new selling opportunities. The downside movement could be over only if the rate jumps and stays above the downtrend line.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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