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: 0.8980)

• Support levels: 0.8900, 0.8850, 0.8800.
• Resistance levels: 0.9000 (strong psychology), 0.9070, 0.9150.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line has left the body of the histogram. RSI (14) in the oversold 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 0.9000, 0.9020, 0.9040.
• Alternative recommendation: buy entry is  from 0.8960, 0.98940, 0.8920.

The pair pound euro broke the uptrend on the possibility of soft Brexit, thereby opening the way to the lower border of the general upward channel.

EUR JPY (current price: 130.60)

• Support levels: 128.00, 126.00, 125.00.
• Resistance levels: 129.50, 130.50, 132.00.
• Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is higher than 0, the signal line has left the body of the histogram. RSI (14) in the neutral 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 131.00, 131.30, 130.70.
• Alternative recommendation: buy entry is from 130.30, 129.80, 129.50

The euro yen is trading in flat, correcting for overbought and limiting itself to the channel.

GBP JPY (current price: 145.40)

• Support levels: 141.50, 140.50, 139.20.
• Resistance levels: 143.00, 144.50, 145.50.
• Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line has left 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 145.50, 145.90, 146.20.
• Alternative recommendation: buy entry is from 145.00, 144.70, 144.40.

The pound yen pair is trading at the day’s opening level, adjusting against growth and limiting itself to overbought.

EUR CHF (current price: 1.1320)

• Support levels: 1.1320, 1.1270, 1.1200.
• Resistance levels: 1.1400, 1.1450, 1.1500.
• 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 oversold 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 1.1340, 1.1350, 1.1380.
• Alternative recommendation: buy entry is from 1.1320, 1.1300, 1.1280.

The euro-franc pair accelerated the decline on a return to the downward dynamics and risks around the EU’s soft policy.