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: 0.8900)

• Support levels: 0.8800, 0.8750, 0.8700.
• Resistance levels: 0.8900 (strong psychology), 0.9000, 0.9050.
• 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 overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line is above Kijun-sen line, the price is above the cloud.

• The main recommendation: sale entry is from 0.8900, 0.8930, 0.8950.
• Alternative recommendation: buy entry is from 0.8870, 0.8850, 0.8830.

The euro pound pair maintains an upward trend, limited to psychology 0.8900 and a bearish divergence.

EUR JPY (current price: 128.30)

• Support levels: 129.00, 128.00, 126.00.
• Resistance levels: 131.00, 132.50, 133.50.
• 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 overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line is above Kijun-sen line, the price is above the cloud.
• The main recommendation: sale entry is from 128.60, 129.00, 129.30.
• Alternative recommendation: buy entry is from 128.00, 127.60, 127.30

The euro yen remains in the correction phase, but retains the downtrend.

GBP JPY (current price: 144.10)

• Support levels: 145.00, 143.10, 141.50.
• Resistance levels: 146.00, 147.00, 149.00.
• 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 – upward movement): Tenkan-sen line is above Kijun-sen line, the price is above the cloud.
• The main recommendation: sale entry is from 144.50, 145.00, 145.30.
• Alternative recommendation: buy entry is from 143.60, 143.30, 143.00.

The pound yen pair also went up to reduce risks.

EUR CHF (current price: 1.1400)

• Support levels: 1.1270, 1.1200, 1.1150.
• Resistance levels: 1.1330, 1.1400, 1.1450.
• 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 – upward movement): Tenkan-sen line is above Kijun-sen line, the price is above the cloud.
• The main recommendation: sale entry is from 1.1420, 1.1450, 1.1470.
• Alternative recommendation: buy entry is from 1.1370, 1.1350, 1.1330.

A pair of euro franc also returned to growth on increased optimism.