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 1270.00
• Take Profit Level: 1261.00 (900 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1281.50
• Take Profit Level: 1287.50 (600 pips)
GBPUSD
Possible long position at the breakdown level 1.3550
EURUSD
Possible long position at the breakdown level 1.1940
USDCHF
Possible short position in the breakdown of the level 0.9810
USDJPY
Possible long position at the breakdown level 112.70
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 1270.00
• Take Profit Level: 1261.00 (900 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1281.50
• Take Profit Level: 1287.50 (600 pips)
GBPUSD
Possible long position at the breakdown level 1.3550
EURUSD
Possible long position at the breakdown level 1.1940
USDCHF
Possible short position in the breakdown of the level 0.9810
USDJPY
Possible long position at the breakdown level 112.70
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