Analysis of GBPUSD 13.06.2019 by PaxForex

Analysis of GBPUSD 13.06.2019 by PaxForex
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 1.2650
• Take Profit Level: 1.2600 (50 pips)

If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.2700
• Take Profit Level: 1.2730 (30 pips)