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: 0.8710)

• Support levels: 0.8750, 0.8700, 0.8650.
• Resistance levels: 0.8850, 0.8900, 0.9000.
• 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 area. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below Kijun-sen line, the price is below the cloud.

• The main recommendation:  sale entry is from 0.8730, 0.8750, 0.8770.
• Alternative recommendation: buy entry is from 0.8700, 0.8680, 0.8660.

The euro pound has accelerated the decline in the exacerbation of the situation with the Italian budget deficit.

EUR JPY (current price: 128.30)

• Support levels: 129.00, 128.00, 126.00.
• Resistance levels: 131.00, 132.50, 133.50.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line came out of the histogram body. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below Kijun-sen line, the price is below the cloud.
• The main recommendation: sale entry is from 128.50, 128.80, 129.00.
• Alternative recommendation: buy entry is from 128.00, 127.70, 127.50

The euro yen moved to increase in the correction and risk reduction.

GBP JPY (current price: 147.20)

• Support levels: 147.00, 145.00, 143.00.
• Resistance levels: 149.00, 150.00, 151.00.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line came out of the histogram body. RSI (14) in the overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below Kijun-sen line, the price is below the cloud.
• The main recommendation: sale entry is from 147.50, 148.00, 148.30.
• Alternative recommendation: buy entry is from 146.00, 145.50, 145.00.

The pair pound yen slowed down on the renewed optimism in the market.

EUR CHF (current price: 1.1350)

• Support levels: 1.1350, 1.1270, 1.1200.
• Resistance levels: 1.1450, 1.1500, 1.1550.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line came out of the histogram body. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below Kijun-sen line, the price is below the cloud.
• The main recommendation: sale entry is from 1.1370, 1.1390, 1.1410.
• Alternative recommendation: buy entry is from 1.1330, 1.1300, 1.1280.

A pair of euro franc keeps the downward trend, limited to oversold and attempts to correct for the growth of optimism.