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 1301.00 • Take Profit Level: 1290.00 (1100 pips)
If the price rebound from support level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1314.00 • Take Profit Level: 1320.00 (600 pips)
GBPUSD Possible short position in the breakdown of the level 1.3470
EURUSD Possible short position in the breakdown of the level 1.1850
USDCHF Possible long position at the breakdown level 1.0050
USDJPY Possible long position at the breakdown level 110.20
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