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 above the zero level. If the level of support is broken, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1217.00 • Take Profit Level: 1205.00 (1200 pips)
If the price rebound from support level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1228.00 • Take Profit Level: 1234.00 (600 pips)
GBPUSD Possible long position at the breakdown level 1.3180
EURUSD Possible long position at the breakdown level 1.1610
USDCHF Possible short position in the breakdown of the level 0.9860
USDJPY Possible long position at the breakdown level 111.60
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