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: 0.8750)

• Support levels: 0.8900, 0.8850, 0.8750.
• Resistance levels: 0.9050, 0.9150, 0.9200.
• Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line is out of the histogram body. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line near Kijun-sen, the price is above the cloud.

• The main recommendation: sale entry is from 0.8770, 0.8800, 0.8820.
• Alternative recommendation: buy entry is from 0.8730, 0.8700, 0.8680.

A pair of euro pound keeps upward dynamic, limited to attempts of correction.

EUR JPY (current price: 122.90)

• Support levels: 123.00, 120.00, 115.50.
• Resistance levels: 128.00, 131.00, 133.00.
• 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 higher than Kijun-sen, the price is higher than the cloud.
• The main recommendation: sale entry is from 123.00, 123.30, 123.50.
• Alternative recommendation: buy entry is from 122.60, 122.30, 122.00

The euro yen is trading in a flat, keeping the downward trend on political risks.

GBP JPY (current price: 140.40)

• Support levels: 135.50, 131.50, 128.00.
• Resistance levels: 144.00, 149.00, 154.00.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line came out of the histogram body. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line near Kijun-sen line, the price is below the cloud.
• The main recommendation: sale entry is from 140.70, 141.30, 142.60.
• Alternative recommendation: buy entry is from 139.50, 139.20, 138.70.

A pair of pound yen is trading in a downward channel, retaining the potential to decline, but is limited to attempts of correction.

EUR CHF (current price: 1.1280)

• Support levels: 1.1270, 1.1200, 1.1150.
• Resistance levels: 1.1350, 1.1430, 1.1500.
• 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 the Kijun-sen line, the price is below the cloud.
• The main recommendation: sale entry is from 1.1300, 1.1330, 1.1350.
• Alternative recommendation: buy entry is from 1.1250, 1.1230, 1.1200.

A pair of euro franc maintains a moderately downward trend, limited to the trading channel and flat.