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 continued to make headway but is starting to lose upside momentum. So, we would not be surprised to see a temporary setback towards the step support line near 153.24 before the next push higher towards the long-term target at 195.43.
In the short term, we see resistance at 163.64 holding for the expected correction towards 153.24 before the next push higher towards the 2008 high at 169.97 and then 179.18 on the way towards the long-term target at 195.43.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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