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 1260.00 • Take Profit Level: 1250.00 (1000 pips)
If the price rebound from support level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1270.00 • Take Profit Level: 1276.00 (600 pips)
GBPUSD Possible short position in the breakdown of the level 1.3370
EURUSD Possible short position in the breakdown of the level 1.1800
USDCHF Possible long position at the breakdown level 0.9890
USDJPY Possible short position in the breakdown of the level 111.85
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