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 above the zero level. If the level of support is broken, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1204.00 • Take Profit Level: 1191.00 (1300 pips)
If the price rebound from support level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1217.00 • Take Profit Level: 1225.00 (800 pips)
GBPUSD Possible short position in the breakdown of the level 1.2730
EURUSD Possible short position in the breakdown of the level 1.1420
USDCHF Possible long position at the breakdown level 0.9980
USDJPY Possible short position in the breakdown of the level 110.50
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