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 11.7900 • Take Profit Level: 11.4000 (3900 pips)
If the price rebound from support level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 12.2000 • Take Profit Level: 12.2800 (800 pips)
GBPUSD Possible long position at the breakdown level 1.3880
EURUSD Possible long position at the breakdown level 1.2300
USDCHF Possible short position in the breakdown of the level 0.9340
USDJPY Possible short position in the breakdown of the level 108.40
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