Technical Analysis of cross-rates. (Аnton Hanzenko)
EUR GBP (current price: 0.8870)
- Support levels: 0.8730 (minimum of the last months), 0.8650, 0.8530.
- Resistance levels: 0.8810, 0.8900, 0.9050 (November 2016 maximum).
- Computer analysis: MACD (12, 26, 9) (signal-flat): indicator near 0. RSI (14) in the neutral zone. IchimokuKinkoHyo (9,26,52) (flat signal): the Tenkan-sen line near the Kijun-sen line, the price in the cloud.
- The main recommendation: sale entry is started from 0.8890,0.8910, 0.8930.
- Alternative recommendation: buy entry is started from 0.8840, 0.8820, 0.8800.
The euro pound pair is restrainedly traded near significant support, remaining under pressure of correction, thereby maintaining the potential for decline. But the update of the highs can speak about the refraction of the existing trend.
EUR JPY (current price: 132.00)
- Support levels: 130.20, 128.50, 126.80.
- Resistance levels: 133.00, 134.50, 136.80.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line has left the body of the histogram. RSI (14) in the neutral zone. IchimokuKinkoHyo (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 started from 132.40, 132.60, 132.80.
- Alternative recommendation: buy entry is started from 131.80, 131.40, 131.20.
The euro yen left the side channel, but did not develop an upward trend, which may indicate a return to the previous trading range.
GBP JPY (current price: 148.70)
- Support levels: 146.00, 144.50, 143.50.
- Resistance levels: 148.00, 150.00, 151.50.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line has left the body of the histogram. RSI (14) in the neutral zone. IchimokuKinkoHyo (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 started from 149.20, 149.50, 149.70.
- Alternative recommendation: buy entry is started from 148.20, 148.00, 147.60.
The pound-yen pair moved into the correction phase, but maintains an upward trend.
EUR CHF (current price: 1.1700)
- Support levels: 1.1500, 1.1450, 1.1400.
- Resistance levels: 1.1600, 1.1700 (the maximum of the current year), 1.1800.
- Computer analysis: MACD (12, 26, 9) (signal-flat): indicator near 0. RSI (14) in the neutral zone. IchimokuKinkoHyo (9,26,52) (flat signal): the Tenkan-sen line near the Kijun-sen line, the price in the cloud.
- The main recommendation: sale entry is started from 1.1730, 1.1750, 1.1780.
- Alternative recommendation: buy entry is started from 1.1650, 1.1630, 1.1600.
The euro-franc pair continues to trade in a narrow flat.