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!
EUR/JPY has performed exactly as expected. The correction from 140.04 is unfolding to perfection and the break below the neckline support near 135.15 yesterday activated the S/H/S top for a continuation lower towards the 38.2% correction at 130.22 and possibly even closer to the 50% corrective target at 127.20 as the next major downside targets.
Short-term we could see a minor consolidation after test support near 132.68, but it should just be a matter of time before renewed downside pressure is seen towards the 130.22 target.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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