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!
The USD/JPY pair has spent the past week in a complicated, confusing game with false moves in both directions. The most recent of these was a deep false breakout below the 146.29 support level with Wednesday's lower shadow.
Now, the price will attempt to break through and consolidate above the daily-scale MACD line (148.28). If successful, the price could climb above the first target level at 149.38 and continue rising into the target range of 151.70–152.10. The Marlin oscillator has established itself in bullish territory, joining this main upward scenario for the pair.
On the four-hour chart, the Marlin oscillator is moving sideways. This is a sign of an impending consolidation below the 148.28 level before an expected breakout. The lower boundary of this consolidation is marked by the MACD line around 147.44.
*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.
