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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EURJPY provided us with a bearish signal when price broke out of the consolidation range and below 128.84. Our readers were warned about this bearish scenario in a previous analysis when price was still inside the consolidation area around the 38% Fibonacci retracement.
Red lines -Fibonacci extension targets
Green rectangle - consolidation area broken downwards
Blue lines -Fibonacci retracement levels
EURJPY is still in a bearish trend. Price is approaching our next target the 50% Fibonacci retracement. The RSI in the Daily chart is showing some bullish divergence signals, but this is just a warning for bears to be cautious. This is not a reversal signal. So far there is no sign of a coming upward reversal in trend. Bears remain in full control of the trend. We continue to expect to see price reach the 50% retracement.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
