We present you the daily updated analysts' section, which is conducted by the professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical surveys in accordance with his vision of the current situation at the international Forex market. However, all represented below reviews are not straight recommendations or reason for the actions, but they contain exclusively the analysis of the current situation at the currency market. In certain cases the analysts' opinions to any changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation at the international Forex market.
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The rescue of Greece was delayed further by the European Union. Such is the lack of political will, lack of leadership and the inability of all stakeholders...
GBP/JPY is now developing impulse subwave C (colored royal blue in the chart) that is part of impulse wave A of a larger degree (colored light green in the chart) from 117.22...
Please, pay attention to the levels of support. 3 (77.18) and resistance. 3 (77.99), in general, when a level is touched, USD/JPY will rebound from the previous minimum by10 to 20 pips...
The pair managed to make a bullish breakout of the consolidation range 1.5650 - 1.5740 within the bullish channel which opened the way for the pair to test 1.5775 that was broken too...
