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!
After the recent movement, the pair has a real opportunity to "visit" the level of 1.2580 in the near future. Last Friday, there was a warning that the quiet trading in the narrow range that has been observed over the past few days is near its end, and a sharp breakthrough of the 1.2380 level can lead to a rapid increase to 1.2420. Although the expectations about the completion of the calm trading phase were true, the subsequent "explosive" price movement was underestimated, because instead of rapid growth to 1.2420, the pound rose to a high of 1.2506. A large-scale rally is unlikely to receive further steady movement, GBP is likely to consolidate profits and return to quiet trading again in the range of 1.2450–1.2530.
What to expect in the next 1-3 weeks. In principle, there is no reason to exclude further strengthening of the pound. GBP may leave the current trading range, as it has easily overcome several strong resistance levels and rose to a high of 1.2506, which came as a surprise (overall, the currency went up 1.37% last Friday, the largest daily growth since March of this year). The recovery, which began more than a week ago, has moved into a new phase, and we see that the GBP can test the level of 1.2580, even if it can not maintain the current growth rate. On the other hand, only a break of 1.2350 (strong support level) will indicate that the GBP has maintained strength and continues to develop.
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