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 1289.00 • Take Profit Level: 1281.00 (800 pips)
If the price rebound from support level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1295.00 • Take Profit Level: 1300.00 (500 pips)
USDCHF Possible long position at the breakout of the level 1.0035
USDJPY Possible long position at the breakout of the level 112.00
EURUSD Possible long position at the breakout of the level 1.1295
GBPUSD Possible short position in the breakdown of the level 1.3040
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