Technical analysis of cross-rates. (Anton Hanzenko)
EUR GBP (current price: 0.8810)
- Support levels: 0.8730 (minimum of the last months), 0.8650, 0.8530.
- Resistance levels: 0.8810, 0.8900, 0.9050 (November 2016 maximum).
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is above 0, the signal line is in the body of the histogram. RSI (14) is in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line is above the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is started from 0.8830, 0.8850, 0.8880.
- Alternative recommendation: buy entry is started from 0.8790, 0.8770, 0.8750.
The pair is trading near resistance 0.8810, forming a reversal.
EUR JPY (current price: 131.30)
- Support levels: 130.20, 128.50, 126.80.
- Resistance levels: 133.00, 134.50, 136.80.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line has left the body of the histogram. RSI (14) is in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is started from 131.80, 132.20, 132.50.
- Alternative recommendation: buy entry is started from 131.00, 130.80, 130.50.
The euro yen accelerated the decline, but is limited to oversold, which in the end can cause a correction.
GBP JPY (current price: 149.10)
- Support levels: 146.00, 144.50, 143.50.
- Resistance levels: 148.00, 150.00, 151.50.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is below 0, the signal line is in the body of the histogram. RSI (14) is in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is started from 149.50, 149.80, 150.00.
- Alternative recommendation: buy entry is started from 149.00, 148.80, 148.50.
The pair also maintains a downtrend, which is limited by oversold.
EUR CHF (current price: 1.1950)
- Support levels: 1.1500, 1.1450, 1.1400.
- Resistance levels: 1.1600, 1.1700 (the maximum of the current year), 1.1800.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line has left the body of the histogram. RSI (14) is in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is started from 1.1960, 1.1980, 1.2000.
- Alternative recommendation: buy entry is started from 1.1940, 1.1920, 1.1900.
The euro franc pair appreciably weakened in the week, while the further decline of the pair will be limited to the general upward channel, the lower border of which is located at the level of 1.1940-30.