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: 0.8920)

• Support levels: 0.8850, 0.8790, 0.8730 (minimum of the last months).
• Resistance levels: 0.8900, 0.8960 (March maximum), 0.9000 (strong psychology).
• 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 0.8930, 0.8950, 0.8980.
• Alternative recommendation: buy entry is from  0.8900, 0.8880, 0.8850.

The euro pound pair moved to growth on the resumption of the uptrend.

EUR JPY (current price: 130.30)

• Support levels: 130.00 (June maximum), 129.00, 128.00.
• Resistance levels: 131.50.132.30 (the maximum of March), 133.00
• 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 130.50, 130.70, 130.90.
• Alternative recommendation: buy entry is from 130.00, 129.70, 129.50

The euro yen pair reversed the downward dynamics on the soft rhetoric of the Central Bank of Japan.

GBP JPY (current price: 146.00)

• Support levels: 147.00, 145.50, 144.30.
• Levels of resistance: 148.00 (psychological level), 149.00, 150.00
• Computer analysis: MACD (12, 26, 9) (signal-flat): indicator near 0. 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 146.00, 146.20, 146.500.
• Alternative recommendation: buy entry is from 145.50, 145.30, 145.00.

The pound-yen pair also slowed down on the yen’s sell-off, but remains under pressure of risks.

EUR CHF (current price: 1.1570)

• Support levels: 1.1600, 1.1550, 1.1500.
• Resistance levels: 1.1650, 1.1700, 1.1750.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line has left the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
• The main recommendation: sale entry is from 1.1590, 1.1620, 1.1640.
• Alternative recommendation:buy entry is from 1.1560, 1.1550, 1.1530.

The euro-franc pair is trading with a decline in maintaining risks.