The price is below the moving average 20 MA and 200 MA, indicating the downward trend. Average in the MACD is below the zero level. The oscillator Force Index is below the zero level.
If the price rebound from resistance level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1.2280 • Take Profit Level: 1.2000 (80 pips)
If the level of resistance is broken, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.2380 • Take Profit Level: 1.2460 (80 pips)
GOLD Possible long position at the breakout of the level 1346.00
GBPUSD Possible long position at the breakout of the level 1.4120
USDJPY Possible short position in the breakdown of the level 108.40
EURUSD Possible long position at the breakout of the level 1.2440
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