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: 0.8910)

• Support levels: 0.8900, 0.8850, 0.8800.
• Resistance levels: 0.9000 (strong psychology), 0.9070, 0.9150.
• Computer analysis: MACD (12, 26, 9) (signal-flat): indicator near 0. 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 0.8930, 0.8950, 0.8980.
• Alternative recommendation: buy entry is from 0.8870, 0.8850, 0.8830.

The euro pound pair is trading in a downtrend, limited to the correction phase.

EUR JPY (current price: 129.20)

• Support levels: 128.00, 126.00, 125.00.
• Resistance levels: 129.50, 130.50, 132.00.
• 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 129.50, 130.00, 130.30.
• Alternative recommendation: buy entry is from 129.00, 128.80, 128.50

The euro yen is near significant resistance, which corresponds to the upper boundary of the downward channel.

GBP JPY (current price: 144.90)

• Support levels: 141.50, 140.50, 139.20.
• Resistance levels: 143.00, 144.50, 145.50.
• 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 145.50, 146.00, 146.50.
• Alternative recommendation: buy entry is from 145.00, 144.60, 144.30.

A pair of pound yen is trading with a strengthening on the pound’s growth, while limiting itself to bearish divergence and overbought.

EUR CHF (current price: 1.1280)

• Support levels: 1.1270, 1.1200, 1.1150.
• Resistance levels: 1.1330, 1.1400, 1.1450.
• 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 1.1300, 1.1330, 1.1350.
• Alternative recommendation: buy entry is from 1.1270, 1.1240, 1.1200.

The euro franc is still under pressure from the downtrend.