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: 0.8960)

• Support levels: 0.8900, 0.8850, 0.8800.
• Resistance levels: 0.9000 (strong psychology), 0.9070, 0.9150.
• 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) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line above the Kijun-sen line, the price is higher than the cloud.

• The main recommendation:  sale entry is from 0.8970, 0.8990, 0.9020.
• Alternative recommendation: buy entry is from 0.8940, 0.8900, 0.8880.

A pair of euro pound is traded in an upward channel, limited to market restraint.

EUR JPY (current price: 126.40)

• Support levels: 126.00, 125.00, 124.00.
• Resistance levels: 127.50, 129.50, 130.50.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line above the Kijun-sen line, the price is higher than the cloud.
• The main recommendation:  sale entry is from 126.60, 127.00, 127.30.
• Alternative recommendation: buy entry is from 125.80, 125.00, 124.80

The euro is limited by the lateral movement on the slowdown of the downtrend and resistance by 126.30-80.

GBP JPY (current price: 140.90)

• Support levels: 141.50, 140.50, 139.20.
• Resistance levels: 143.00, 144.50, 145.50.
• Computer analysis: MACD (12, 26, 9) (signal-flat): indicator near 0. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (flat signal): the Tenkan-sen line near the Kijun-sen line, the price is in the cloud.
• The main recommendation: sale entry is from 141.30, 141.50, 141.80.
• Alternative recommendation: buy entry is from 140.50, 140.00, 139.70.

The pound-yen pair is also trading near significant resistance to risk reduction.

EUR CHF (current price: 1.1360)

• Support levels: 1.1320, 1.1270, 1.1200.
• Resistance levels: 1.1400, 1.1450, 1.1500.
• 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) in the overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line above the Kijun-sen line, the price is higher than the cloud.
• The main recommendation: entrance for sale from 1.1380, 1.1400, 1.1430.
• Alternative recommendation: buy entry from 1.1320, 1.1300, 1.1270.

The euro-franc pair is trading with a strengthening on risk reduction.