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 level of support is broken, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 7.7450 • Take Profit Level: 7.7000 (450 pips)
If the price rebound from support level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 7.7900 • Take Profit Level: 8.1100 (200 pips)
GOLD Possible short position at the breakdown level 1314
GBPUSD Possible long position at the breakdown level 1.3920
EURUSD Possible short position at the breakdown level 1.2260
USDJPY Possible short position at the breakdown level 106.30
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