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 1173.20
• Take Profit Level: 1161 (1220 pips)
• Stop Loss Level: 1177.20 (400 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1180
• Take Profit Level: 1191 (1100 pips)
• Stop Loss Level: 1176 (400 pips)
GBPUSD
Possible long position at the breakdown level 1.5810
EURUSD
Possible long position at the breakdown level 1.1240
USDCHF
Possible long position at the breakdown level 0.9386
USDJPY
According to the recommendation USDJPY open long position
