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 0.9815
• Take Profit Level: 0.9700 (115 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 0.9880
• Take Profit Level: 0.9940 (60 pips)
GBPUSD
Possible long position at the breakdown level 1.2990
EURUSD
Possible long position at the breakdown level 1.1380
USDCHF
Possible short position in the breakdown of the level 0.9630
USDJPY
Possible long position at the breakdown level 113.70
