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: 0.8910)

• Support levels: 0.8900, 0.8850, 0.8750.
• Resistance levels: 0.9050, 0.9150, 0.9200.
• 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 neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – flat): Tenkan-sen line near Kijun-sen, the price is in the cloud.

• The main recommendation: sale entry is from 0.8930, 0.8950, 0.8980.
• Alternative recommendation: buy entry is from 0.8880, 0.8850, 0.8830.

A pair of euro pound is traded with a strengthening on political risks in the UK.

EUR JPY (current price: 122.40)

• 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 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 lower than Kijun-sen, the price is below the cloud.
• The main recommendation: sale entry is from 122.60, 122.80, 123.00.
• Alternative recommendation: buy entry is from 122.20, 122.00, 121.80

The euro yen is traded with a decrease in the correction and increase in risk, limited to the upward channel.

GBP JPY (current price: 137.30)

• Support levels: 135.50, 131.50, 128.00.
• Resistance levels: 144.00, 149.00, 154.00.
• 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 137.60, 138.00, 138.20.
• Alternative recommendation: buy entry is from 137.00, 136.70, 136.50.

A pair of pound yen is trading down on a weak pound.

EUR CHF (current price: 1.1210)

• 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 below 0, the signal line in the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – flat): Tenkan-sen line near Kijun-sen line, the price is in the cloud.
• The main recommendation: sale entry is from 1.1250, 1.1280, 1.1300.
• Alternative recommendation: buy entry is from 1.1200, 1.1200, 1.1180.

A pair of euro franc maintains an upward trend, limited to correction attempts and risks.