The price is below the moving average 20 MA, indicating the downward trend.
Average came out of the MACD histogram.
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: 1276
• Take Profit Level: 1264 (1200 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1289
• Take Profit Level: 1299 (1000 pips)
GBPUSD
Possible long position at the breakdown level 1.4300
EURUSD
Possible short position in the breakdown of the level 1.1270
USDCHF
Possible long position at the breakdown level 0.9680
USDJPY
Possible short position in the breakdown of the level 103.50
