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 1266
• Take Profit Level: 1252 (1400 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1275
• Take Profit Level: 1282 (700 pips)
GBPUSD
Possible short position in the breakdown of the level 1.2678
EURUSD
Possible long position at the breakdown level 1.1240
USDCHF
Possible long position at the breakdown level 0.9830
USDJPY
Possible long position at the breakdown level 103.30
