Technical analysis of cross-rates. (Anton Hanzenko)

EUR GBP (current price: 0.8870)

• 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 (signal – downward motion): the indicator is below 0, the signal line is in the body of the histogram. RSI is in the oversold zone. Bollinger Bands (period 20): oversold, growing volatility.

• The main recommendation: sale entry is started from 0.8890 (MA 200), 0.8940, 0.8980.
• Alternative recommendation: buy entry is started from 0.8860, 0.8840, 0.8810 (Fibo. 50.00 from the April low).

The downward dynamics of the cross-rate accelerated based on the growth of political risks in Germany, which also accelerated the development of the daytime pinbar, but further decline will be limited to the pair’s oversold.

EUR JPY (current price: 131.60)

• Support levels: 131.40 (minimum of the last months), 130.50, 129.80 (Fibo. 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 (signal – downward motion): the indicator is below 0, the signal line is in the body of the histogram. RSI is in the oversold zone. Bollinger Bands (period 20): neutral, declining volatility.
• The main recommendation: sale entry is started from 131.90, 132.50 (MA 200), 132.90.
• Alternative recommendation: buy entry is started from 131.40, 131.00 (November minimum), 130.60.

Euro yen remains in the correction phase after the decline early in the day based on data on Germany, but further decline in the pair is limited to significant support 131.40.

GBP JPY (current price: 148.30)

• 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 (signal – upward motion): the indicator is below 0, the signal line has left the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, declining volatility.
• The main recommendation: sale entry is started from 148.60, 148.80 (MA 100), 148.90 (MA 200).
• Alternative recommendation: buy entry is started from 148.10, 147.80, 147.50.

The pound-yen break off from support and returned to the settled descending channel.

EUR CHF (current price: 1.1630)

• 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 (signal – upward motion): the indicator is below 0, the signal line is in the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, declining volatility.
• The main recommendation: sale entry is started from 1.1660 (MA 100), 1.1700, 1.1730.
• Alternative recommendation: buy entry is started from 1.1600, 1.1570, 1.1550.

The euro-franc was under pressure at the beginning of the day, but is actively playing out losses on correction and a general uptrend.