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!
USD/JPY
After reaching the target range of 145.08/91, the price corrected with increased volatility down to the balance line on the daily timeframe and began the current day with a decline.
At the same time, the signal line of the Marlin oscillator turned downward from the zero line. These signs suggest the price intends to attempt a break below the price range once more and eventually reach the target support at 143.45 (the low from August 26, 2024).
On the four-hour chart, the price reached the balance line and turned downward. The Marlin oscillator is hurrying back into negative territory. The descending MACD line is applying additional—albeit weak—pressure. We expect the price to return to the 145.08/91 target range.
*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.
