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!
Consolidation above the Bank level of 1.3277 indicates support for the pair's growth by the Bank of England. The growth target will be the 1.3408 Bank Liquidity Zone. This will allow you to keep purchasing up to the specified mark. When testing this zone, you will need to fix most of the long position.
If the test of the 1.3408 level occurs before the opening of tomorrow's European session, this will increase the probability of an offer and will lead to a stop in the upward momentum.
As of this moment, it is better to refuse sales. It will require one to two trading days to form a pattern to reverse down the GBP / USD pair. This will allow you to monitor the update of the monthly maximum. Sales can only become relevant if the pattern "false" breakout of the current week's maximum is formed.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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