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 12.2200 • Take Profit Level: 12.0000 (2200 pips)
If the price rebound from support level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 12.4700 • Take Profit Level: 12.5100 (400 pips)
GOLD Possible long position at the breakdown level 1325.50
GBPUSD Possible short position at the breakdown level 1.3510
EURUSD Possible short position at the breakdown level 1.1910
USDJPY Possible short position at the breakdown level 112.40
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