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 AUD/JPY pair is trading at 95.86 at the time of writing. As you can see on the H1 chart, the price could drop deeper as long as it stays below the downtrend line. Technically, the downtrend line represents an upside obstacle. Still, its failure to come back down to test and retest the channel's downside line signaled exhausted sellers.
The former low of 95.19 represents a downside obstacle. Testing and retesting the downtrend line may announce a new drop at least until 95.19.
Dropping below 95.19 activates further drop and is seen as a selling opportunity. On the other hand, jumping and stabilizing above the downtrend line invalidates a deeper drop and announces an upwards movement.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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