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:
GBP/USD has been trading upside in the background and I found breakout of the resistance at 1.2515, which is good sign for the further upside movement.
Due to the short-term upside trend and potential for re-test of the support, I see potential for the higher prices towards next upside reference.
Upside objective is set at 1.2580
RSI oscillator is showing reading above 60 level and there is the upside trend condition, which is good sign for the further rally.
Support level is set at 1.2515
*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.
