Technical analysis of cross-rates. (Anton Hanzenko)

Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.

Earn with the help of the trade service on the news Erste News!

---

EUR GBP (current price: 0.8840)

• Support levels: 0.8790, 0.8730 (minimum of the last months), 0.8700 (strong psychology).
• Resistance levels: 0.8900, 0.8960 (March maximum), 0.9000 (strong psychology).
• Computer analysis: MACD (12, 26, 9) (signal-flat): indicator near 0. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (flat signal): the Tenkan-sen line near the Kijun-sen line, the price is in the cloud.

• The main recommendation: sale entry is from 0.8850, 0.8870, 0.8900.
• Alternative recommendation: buy entry in from 0.8820, 0.8800, 0.8780.

The euro pound pair is trading near the lower border of the upward channel, but is moving in flat.

EUR JPY (current price: 131.10)

• Support levels: 130.00 (June maximum), 128.00, 126.80.
• Resistance levels: 131.00, 131.50.132.30 (the maximum of March)
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in the overbought zone. Ichimoku Kinko Hyo (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 from 130.50, 130.80, 131.50.
• Alternative recommendation: buy entry is from 130.00, 129.70, 129.20.

The euro yen accelerated growth on risk reduction, but is limited to overbought.

GBP JPY (current price: 148.30)

• Support levels: 147.00, 145.50, 144.30.
• Resistance levels: 148.00 (psychological level), 149.00, 150.00
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in the overbought zone. Ichimoku Kinko Hyo (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 from 148.50, 149.00, 149.20.
• Alternative recommendation: buy entry is from 148.00, 147.70, 147.50.

A pair of pound yen maintains an upward trend, limited to overbought.

EUR CHF (current price: 1.1620)

• Support levels: 1.1550, 1.1500, 1.1450.
• Resistance levels: 1.1600, 1.1650 (June maximum), 1.1700.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line is pierced from the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
• The main recommendation: sale entry is from 1.1640, 1.1660, 1.1700.
• Alternative recommendation: buy entry is from 1.1600, 1.1580, 1.1550.

The euro-franc pair is in the correction phase on the rebound from the upper boundary of the upward channel.