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!
USD/JPY
The USD/JPY pair is trying to recover after a six-digit decline to the magnetic point formed by the intersection of the balance and MACD lines on the daily chart. The price is moving towards the target level of 155.75, but it will only reach this mark if the Marlin oscillator does not turn back from the zero line but surpasses it instead.
If the price heads downwards, it may break through the support of the MACD line (152.77) and target the level of 150.90. From this level, the pair could go through a correction from the decline from the April 29 peak.
On the 4-hour chart, the Marlin oscillator is also contemplating a possible downturn. If we don't see a reversal today, the price will continue to correct higher and reach 155.75, which is near the area where the MACD is located, reinforcing it.
*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.
