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!
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GBP/USD
On Friday, the British pound momentarily surged by more than 100 pips, but quickly retreated to its initial positions, closing the day up by only 12 pips. The upper shadow corresponded to the line of the descending channel.
Overall, the price has settled above the level of 1.2525, but since it has already reached both bullish targets (the channel line and the level of 1.2596), the price may return below the support and even move towards 1.2427. The Marlin oscillator is in growth territory but has significantly slowed down its ascent.
On the 4-hour chart, the price has stalled on the balance indicator line. The Marlin oscillator is at the zero neutral line. Its move into negative territory may help the price overcome the support at 1.2525. Further, the price will encounter support from the MACD line (1.2495). Breaking this support completely opens the path to 1.2427.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
