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: 0.8820)

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

• The main recommendation:  sale entry is from 0.8830, 0.8850, 0.8880.
• Alternative recommendation: buy entry is from 0.8780, 0.8750, 0.8730.

The euro pound pair is trading in a flat at risk, slowing the upward dynamics.

EUR JPY (current price: 122.10)

• Support levels: 123.00, 120.00, 115.50.
• Resistance levels: 128.00, 131.00, 133.00.
• Computer analysis: MACD (12, 26, 9) (signal – downward 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 – downward movement): Tenkan-sen line is lower than Kijun-sen, the price is below the cloud.
• The main recommendation: sale entry is from 122.40, 122.70, 123.00.
• Alternative recommendation: buy entry is from 121.70, 121.50, 121.30

Euro yen is trading with a strengthening on optimism, limited to the downward trend.

GBP JPY (current price: 138.50)

• 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 above 0, the signal line in the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – flat): Tenkan-sen line is above Kijun-sen line, the price is in the cloud.
• The main recommendation: sale entry is from 39.20, 139.70, 140.00.
• Alternative recommendation: buy entry is from 138.00, 137.60, 137.30.

A pair of pound yen is trading with growth attempts of correction, limited to a downtrend.

EUR CHF (current price: 1.1230)

• Support levels: 1.1270, 1.1200, 1.1150.
• Resistance levels: 1.1350, 1.1430, 1.1500.
• 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 1.1250, 1.1270, 1.1300.
• Alternative recommendation: buy entry is from 1.1200, 1.1180, 1.1260.

The euro franc remains under the pressure, maintaining a downtrend, despite attempts of correction.