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!
GBP/JPY completed the correction at 149.05 just below the former low at 149.39 just as we expected. It may rise to 154.78. If so, it will complete red wave iii and set the stage for a correction to at least 149.74 and possibly even close to strong support near 147.00.
In the short term, a break above minor resistance at 151.98 will confirm the next push higher towards 154.78.
Trading recommendation:
Buy GBP upon a break above minor resistance at 151.98 for a rally to 154.78 where profit should be taken for a more serious correction towards at least 149.74
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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