The price is below the moving average 20 MA and MA 200, indicating the downward trend.
MACD histogram at zero line.
The oscillator Force Index is below the zero level.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1175
• Take Profit Level: 1161 (1400 pips)
• Stop Loss Level: 1179 (400 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1180
• Take Profit Level: 1190 (1000 pips)
• Stop Loss Level: 1176 (400 pips)
GBPUSD
Possible long position at the breakdown level 1.5600
EURUSD
Possible long position at the breakdown level 1.1390
USDCHF
Possible short position in the breakdown of the level 0.9230
USDJPY
Possible short position in the breakdown of the level 123.00
