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: 0.8850)

• Support levels: 0.8900, 0.8850, 0.8750.
• Resistance levels: 0.9050, 0.9150, 0.9200.
• 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 is lower than Kijun-sen, the price is below the cloud.

• The main recommendation: sale entry is from 0.8870, 0.9000, 0.9020.
• Alternative recommendation: buy entry is from 0.8840, 0.8820, 0.8800.

The euro pound pair is trading downward under the pressure of correction, maintaining an upward trend.

EUR JPY (current price: 121.50)

• 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 below 0, the signal line in the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (flat signal): Tenkan-sen line is lower than Kijun-sen, the price is in the cloud.
• The main recommendation: sale entry is from 121.80, 122.20, 122.50.
• Alternative recommendation: buy entry is from 121.30, 121.00, 120.80

The euro yen is trading lower on risks strengthening.

GBP JPY (current price: 137.20)

• Support levels: 135.50, 131.50, 128.00.
• Resistance levels: 144.00, 149.00, 154.00.
• Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is below 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 137.60, 138.10, 138.50.
• Alternative recommendation: buy entry is from 137.00, 136.70, 136.30.

A pair of pound yen is trading in a flat, showing restrained attempts to grow on correction, but limited to a downtrend.

EUR CHF (current price: 1.1160)

• 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 – flat): Tenkan-sen line near Kijun-sen line, the price is in the cloud.
• The main recommendation: sale entry is from 1.1180, 1.1210, 1.1230.
• Alternative recommendation: buy entry is from 1.1130, 1.1100, 1.1080.

A pair of euro franc remains under the pressure of a downward trend, forming a flat on the correction.