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: 0.8630)

• Support levels: 0.8900, 0.8850, 0.8750.
• Resistance levels: 0.9050, 0.9150, 0.9200.
• Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is below 0, the signal line in the body of the histogram. RSI (14) in the oversold area. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.

• The main recommendation: sale entry is from 0.8660, 0.8690, 0.8720.
• Alternative recommendation: buy entry is from 0.8620, 0.8600, 0.8580.

The euro pound pair is trading lower, maintaining a downward trend.

EUR JPY (current price: 125.90)

• Support levels: 123.00, 120.00, 115.50.
• Resistance levels: 128.00, 131.00, 133.00.
• Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line is out of the histogram body. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line near Kijun-sen line, the price is above the cloud.
• The main recommendation: sale entry is from 126.00, 128.30, 126.50.
• Alternative recommendation: buy entry is from 125.50, 125.30, 125.00

Euro yen is trading with strengthening, limited to attempts of correction.

GBP JPY (current price: 145.80)

• Support levels: 135.50, 131.50, 128.00.
• Resistance levels: 144.00, 149.00, 154.00.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is above 0, the signal line in the body of the histogram. RSI (14) in the overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line is above the Kijun-sen line, the price is above the cloud.
• The main recommendation:  sale entry is from 146.40, 147.20, 147.60.
• Alternative recommendation: buy entry is from 145.50, 145.00, 144.70.

A pair of pound yen trades in a flat at the beginning of the day, maintaining an uptrend.

EUR CHF (current price: 1.1350)

• Support levels: 1.1270, 1.1200, 1.1150.
• Resistance levels: 1.1350, 1.1430, 1.1500.
• Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line is out of the histogram body. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line is above the Kijun-sen line, the price is above the cloud.
• The main recommendation: sale entry is from 1.1360, 1.1390, 1.1420.
• Alternative recommendation: buy entry is from 1.1330, 1.1300, 1.1280.

A pair of euro franc continues to be very restrained in the flat, questioning the existing dynamics.