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/USD
On the day chart, the price and the Marlin oscillator formed a weak, but quite effective divergence, which, under other favorable circumstances, can produce a downward trend in the medium-term.
First, we are waiting for the price to reach the target support at 1.2847. If the pound is able to consolidate above the level of 1.2989, then it will continue to rise to the target range of 1.3124/41. This will be an alternative scenario.
On the 4-hour chart, the signal line of the Marlin oscillator is quickly approaching the border of the downtrend territory. Marlin is trying to get involved in order to quickly help the price overcome the MACD line near 1.2892.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
