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: 0.8840)

• 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 below the Kijun-sen line, the price is in the cloud.

• The main recommendation: sale entry is from 0.8860, 0.8880, 0.8900.
• Alternative recommendation: buy entry is from 0.8820, 0.8800, 0.8780.

The euro pound was significantly higher at the beginning of the day on risk mitigation in the UK, but still maintains an upward trend.

EUR JPY (current price: 130.00)

• Support levels: 128.00, 126.80, 125.00 (the minimum of May).
• Resistance levels: 130.00 (strong psychological level), 130.50 (maximum of June), 131.00.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in the 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 130.00, 130.30, 130.50.
• Alternative recommendation: buy entry is from 129.60, 129.30, 129.00.

The yen retains an upward momentum, but is limited to overbought.

GBP JPY (current price: 146.20)

• Support levels: 145.50, 144.30, 143.50.
• Resistance levels: 147.00 (psychological level), 148.00, 149.00.
• 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 147.30, 147.70, 148.00.
• Alternative recommendation: buy entry is from 146.60, 146.30, 145.90.

A pair of pound yen accelerated growth on risk reduction in the UK, confirming an uptrend.

EUR CHF (current price: 1.1610)

• 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 – downward movement): the indicator is above 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 1.1630, 1.1650, 1.1670.
• Alternative recommendation: buy entry is from 1.1600, 1.1570, 1.1550.

The euro-franc pair moved to correction after growth.