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: 0.8890)

• 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): indicator above 0, signal line in the histogram body. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line is above Kijun-sen, the price is above the cloud.

• The main recommendation: sale entry is from 0.8920, 0.8950, 0.8980.
• Alternative recommendation: buy entry is from 0.8880, 0.8850, 0.8830.

The euro pound continues to move in the upward channel, limited to attempts at correction and overbought.

EUR JPY (current price: 117.60)

• Support levels: 123.00, 120.00, 115.50.
• Resistance levels: 128.00, 131.00, 133.00.
• Computer analysis: MACD (12, 26, 9) (signal – flat): indicator near 0. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below Kijun-sen, the price is below the cloud.
• The main recommendation: sale entry is from 117.80, 118.00, 118.20.
• Alternative recommendation: buy entry is from 117.30, 117.00, 116.80

The euro yen remains under the pressure from a downtrend and risks.

GBP JPY (current price: 133.10)

• 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): indicator below 0, signal line in the histogram body. RSI (14) in the neutral zone. 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 132.50, 133.00, 133.50.
• Alternative recommendation: buy entry is from 132.00, 131.50, 131.00.

A pair of pound yen retains the potential to decline on risks.

EUR CHF (current price: 1.0880)

• Support levels: 1.1170, 1.1100, 1.1050.
• Resistance levels: 1.1350, 1.1430, 1.1500.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line came out from the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line is below the Kijun-sen line, the price is above the cloud.
• The main recommendation: sale entry is from 1.0900, 1.0920, 1.0950.
• Alternative recommendation: buy entry is from 1.0850, 1.0830, 1.0800.

The euro franc is moving with strengthening on the correction after the decline.