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 – downward movement): the indicator is higher than 0, the signal line has left the body of the histogram. RSI (14) is in the overbought 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 0.8840, 0.8860, 0.8880.
- Alternative recommendation: buy entry is started from 0.8790, 0.8760, 0.8730.
The pair resumed the general uptrend, but is limited to overbought, which can cause correction to support levels. At the same time, the overall dynamics of the pair remains ascending.
EUR JPY (current price: 130.30)
- Support levels: 130.20, 128.50, 126.80.
- Resistance levels: 133.00, 134.50, 136.80.
- Computer analysis: MACD (12, 26, 9) (signal – downward 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 130.60, 130.90, 131.30.
- Alternative recommendation: buy entry is started from 130.20, 130.00, 129.70.
The pair is trading near the upper limit of the downward channel, keeping the potential to decline.
GBP JPY (current price: 147.90)
- Support levels: 146.00, 144.50, 143.50.
- Resistance levels: 148.00, 150.00, 151.50.
- 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 148.40, 148.70, 149.00.
- Alternative recommendation: buy entry is started from 147.50, 147.30, 147.00.
The pair remains in the sideways trend, limited to the potential for decline.
EUR CHF (current price: 1.1940)
- Support levels: 1.1880, 1.1800, 1.1700.
- Resistance levels: 1.2030, 1.2100, 1.2150.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is above 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 – 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 1.1960, 1.1980, 1.1990.
- Alternative recommendation: buy entry is started from 1.1920, 1.1900, 1.1880.
The pair has returned to the settled trend, but is limited to overbought.