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: 0.8780)

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

• The main recommendation:  sale entry is from 0.8800, 0.8820, 0.8850.
• Alternative recommendation: buy entry is from 0.8770, 0.8750, 0.8730.

The euro pound pair is trading at the opening of the day, maintaining the potential for growth, limited to the downward trend.

EUR JPY (current price: 125.40)

• Support levels: 123.00, 120.00, 115.50.
• Resistance levels: 128.00, 131.00, 133.00.
• Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line is out of the histogram body. RSI (14) in the overbought 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 125.60, 125.80, 126.10.
• Alternative recommendation: buy entry is from 125.00, 124.70, 124.50

Euro yen is trading with a strengthening on renewed optimism.

GBP JPY (current price: 142.60)

• 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 143.20, 143.60, 143.80.
• Alternative recommendation: buy entry is from 142.70, 142.30, 142.00.

A pair of pound yen is trading with a strengthening on risk reduction, limited to a downtrend.

EUR CHF (current price: 1.1380)

• Support levels: 1.1270, 1.1200, 1.1150.
• Resistance levels: 1.1350, 1.1430, 1.1500.
• Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line is out of the histogram body. 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 1.1420, 1.1450, 1.1480.
• Alternative recommendation: buy entry is from 1.1350, 1.1330, 1.1300.

A pair of euro franc was under the pressure of correction, after growth.