The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 120.70 • Take Profit Level: 119.70 (100 pips)
If the price rebound from a support level, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 121.35 • Take Profit Level: 121.85 (50 pips)
GOLD A possible long position at the breakout of the level 1453.00
USDCHF A possible short position in the breakdown of the level 0.9800
GBPUSD A possible long position at the breakout of the level 1.2560
USDJPY A possible long position at the breakout of the level 107.70