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: 0.9030)

• 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, higher into the clouds.

• The main recommendation:  sale entry is from 0.9040, 0.9060, 0.9080.
• Alternative recommendation: buy entry is from 0.9020, 0.9000, 0.8980.

The euro pound has moved to correction, while remaining in an uptrend.

EUR JPY (current price: 128.90)

• Support levels: 126.00, 125.00, 124.00.
• Resistance levels: 127.50, 129.50, 130.50.
• 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 129.50, 129.90, 130.30.
• Alternative recommendation: buy entry is from 128.70, 128.30, 127.50

The euro is also trading lower with correction, remaining in an uptrend.

GBP JPY (current price: 142.70)

• 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 143.00, 143.30, 143.50.
• Alternative recommendation: buy entry isfrom 142.30, 141.90, 141.50.

The pair of pound – yen remains in flat on correction after growth.

EUR CHF (current price: 1.1410)

• Support levels: 1.1320, 1.1270, 1.1200.
• Rresistance 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 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 1.1430, 1.1450, 1.1480.
• Alternative recommendation: buy entry is from 1.1400, 1.1380, 1.1350.

The euro-franc is trading in flat, keeping the potential for growth.