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!
Technical analysis:
USD/JPY has been trading sideways at the price of 143.40 but I see potential for the bigger upside movement towards 147.00 level.
Trading recommendation:
Due to the tight symmetrical triangle in creation in the strong upside trend, I see potential for further strong growth on USD/JPY.
Watch for the potential buying opportunities in the casse of the breakout of the triangle.
Upside objectives are set at the price of 145 and 147
Stochastic oscillator is showing fresh upside cross from, which is good sign for further upside continuation.
Key support is set at the price of 141.60
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
