Technical analysis of cross-rates. (Anton Hanzenko)
EUR GBP (current price: 0.8900)
- Support levels: 0.8730 (minimum of the last months), 0.8650, 0.8530.
- Resistance levels: 0.9020, 0.9170, 0.9300 (the maximum of the current year).
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is above 0, the signal line is in the body of the histogram. RSI (14) is in the overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line is above the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is started from 0.8910, 0.8930, 0.8950.
- Alternative recommendation: buy entry is started from 0.8890, 0.8860, 0.8840.
The euro pound pair is traded with a strengthening due to the optimism about euro, while limiting itself to the upper limit of the downward channel.
EUR JPY (current price: 134.30)
- Support levels: 131.40 (minimum of the last months), 130.50, 129.80 (Fib. 23.6 from the low of the current year).
- Resistance levels: 133.30, 134.40 (the maximum of the current year), 135.00.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is above 0, the signal line is in the body of the histogram. RSI (14) is in the overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line is above the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is started from 134.50, 134.70, 135.00.
- Alternative recommendation: buy entry is started from 134.00, 133.70, 133.30.
The euro yen groped for support and is traded with a strengthening on correction after the decline.
GBP JPY (current price: 150.80)
- Support levels: 147.00 (minimum of last months), 144.20 (Fibo, 50.0 from the low of April), 141.50.
- Resistance levels: 151.30, 152.80 (the maximum of the current year), 155.40.
- 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) is in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): the Tenkan-sen line is above the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is started from 151.00, 151.30, 151.70.
- Alternative recommendation: buy entry is started from 150.40, 150.10, 149.80.
The pound yen is traded in a sideways trend, while maintaining the potential to resume the uptrend.
EUR CHF (current price: 1.1760)
- Support levels: 1.1500, 1.1450 (Fibo, 23.6 from the low of the current year), 1.1350.
- Resistance levels: 1.1700 (the maximum of the current year), 1.1750, 1.1800.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is above 0, the signal line is in the body of the histogram. RSI (14) is in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line is above the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is started from 1.1770, 1.1800, 1.1820.
- Alternative recommendation: buy entry is started from 1.1750, 1.1730, 1.1700.
The euro franc pair is traded with the strengthening, remaining in the limit of the ascending triangle.