The price is below the moving average MA 200 and 20 MA, indicating the downward trend.
The MACD is below the zero level.
The oscillator Force Index is below the zero level.
If the price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 114.00
• Take Profit Level: 112.40 (200 pips)
If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 115.40
• Take Profit Level: 116.30 (90 pips)
GBPUSD
Possible short position in the breakdown of the level 1.3060
EURUSD
Possible short position in the breakdown of the level 1.0950
USDCHF
Possible long position at the breakout of the level 0.9910
USDJPY
Possible short position in the breakdown of the level 104.00
