Technical analysis of cross-rates. (Anton Hanzenko)

Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.

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EUR GBP (current price: 0.8900)

• Support levels: 0.8900, 0.8850, 0.8800.
• Resistance levels: 0.9000 (strong psychology), 0.9070, 0.9150.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in a light overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line is above Kijun-sen line, the price is above the cloud.

• The main recommendation: sale entry is from 0.8930, 0.8950, 0.8980.
• Alternative recommendation: buy entry is from 0.8900, 0.8880, 0.8860.

The euro pound has moved to a correction in reducing risks in the euro area.

EUR JPY (current price: 131.70)

• Support levels: 129.00, 128.00, 126.00.
• Resistance levels: 131.00, 132.50, 133.50.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line came out of the histogram body. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is above the Kijun-sen line, the price is below the cloud.
• The main recommendation: sale entry is from 131.90, 132.20, 132.50.
• Alternative recommendation: buy entry is from 131.40, 131.00, 130.70

The euro yen remains under pressure from a downtrend, despite the decline in risk.

GBP JPY (current price: 147.90)

• Support levels: 145.00, 143.10, 141.50.
• Resistance levels: 146.00, 147.00, 149.00.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line came out of the histogram body. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below Kijun-sen line, the price is below the cloud.
• The main recommendation: sale entry is from 148.00, 148.40, 148.80.
• Alternative recommendation: buy entry is from 147.60, 147.30, 147.00.

A pair of pound yen moved to the correction in an attempt to return to an uptrend.

EUR CHF (current price: 1.1400)

• Support levels: 1.1270, 1.1200, 1.1150.
• Resistance levels: 1.1330, 1.1400, 1.1450.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in a light overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line is above Kijun-sen line, the price is above the cloud.
• The main recommendation: sale entry is from 1.1420, 1.1450, 1.1470.
• Alternative recommendation: buy entry is from 1.1380, 1.1350, 1.1330.

The EUR CHF pair returned to growth on maintaining the uptrend.