The price is below the moving average 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1166
• Take Profit Level: 1151 (1500 pips)
• Stop Loss Level: 1171 (500 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1177
• Take Profit Level: 1187 (1000 pips)
• Stop Loss Level: 1173 (400 pips)
GBPUSD
Possible short position in the breakdown of the level 1.5638
EURUSD
Possible short position in the breakdown of the level 1.1087
USDCHF
Possible long position at the breakdown level 0.9426
USDJPY
Possible long position at the breakdown level 123.20
