The price is below the moving average MA 200 and 20 MA, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero level in correction.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1185
• Take Profit Level: 1170 (1500 pips)
• Stop Loss Level: 1190 (500 pips)
If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1191
• Take Profit Level: 1200 (900 pips)
• Stop Loss Level: 1187 (400 pips)
GBPUSD
According to recommendations GBPUSD open short position
EURUSD
Possible short position in the breakdown of the level 1.0860
USDCHF
Possible long position at the breakdown level 0.9540
USDJPY
According to recommendations USDJPY open long position
