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 1150
• Take Profit Level: 1138 (1200 pips)
• Stop Loss Level: 1154 (400 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1159
• Take Profit Level: 1169 (1000 pips)
• Stop Loss Level: 1155 (400 pips)
GBPUSD
Possible long position at the breakdown level 1.5675
EURUSD
Possible short position in the breakdown of the level 1.0960
USDCHF
Possible long position at the breakdown level 0.9475
USDJPY
Possible long position at the breakdown level 123.80
