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: 0.8650)

• Support levels: 0.8900, 0.8850, 0.8750.
• Resistance levels: 0.9050, 0.9150, 0.9200.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line came out of the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.

• The main recommendation:  sale entry is from 0.8730, 0.8750, 0.8780.
• Alternative recommendation: buy entry is from 0.8600, 0.8580, 0.8550.

The euro pound pair is trading in a downtrend, despite attempts of correction and oversold.

EUR JPY (current price: 124.40)

• Support levels: 123.00, 120.00, 115.50.
• Resistance levels: 128.00, 131.00, 133.00.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line came out of the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
• The main recommendation: sale entry is from 124.60, 124.80, 125.20.
• Alternative recommendation: buy entry is from 124.20, 123.90, 123.50

Euro yen is trading in different directions on the correction after the decline.

GBP JPY (current price: 143.70)

• Support levels: 135.50, 131.50, 128.00.
• Resistance levels: 144.00, 149.00, 154.00.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is above 0, the signal line in the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line is above the Kijun-sen line, the price is above the cloud.
• The main recommendation: sale entry is from 144.00, 144.50, 144.80.
• Alternative recommendation: buy entry is from 143.00, 142.70, 142.30.

A pair of pound yen remains in a restrained uptrend, limited to attempts of correction and overbought.

EUR CHF (current price: 1.1280)

• Support levels: 1.1270, 1.1200, 1.1150.
• Resistance levels: 1.1350, 1.1430, 1.1500.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line came out of the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
• The main recommendation: sale entry is from 1.1300, 1.1320, 1.1350.
• Alternative recommendation: buy entry is from 1.1250, 1.1230, 1.1200.

A pair of euro franc is trading lower, slowing the upward trend.