Technical analysis of cross-rates. (Anton Hanzenko)

EUR GBP (current price: 0.8890)

• Support levels: 0.8730 (minimum of the last months), 0.8650, 0.8530.
• Resistance levels: 0.9020, 0.9170, 0.9300 (the maximum of the current year).
• 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) is in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – descending movement, flat): the Tenkan-sen line is below the Kijun-sen line, the price is higher than the cloud.

• The main recommendation: sale entry is started from 0.8900, 0.8920, 0.8940.
• Alternative recommendation: buy entry is started from 0.8880, 0.8860, 0.8840.

The euro pound was under pressure after growth, which was also caused by the reaching of the upper boundary of the descending channel.

EUR JPY (current price: 136.40)

• Support levels: 131.40 (minimum of the last months), 130.50, 129.80 (Fib. 23.6 from the low of the current year).
• Resistance levels: 133.30, 134.40 (the maximum of the current year), 135.00.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is above 0, the signal line is in the body of the histogram. RSI (14) is in the overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line is above the Kijun-sen line, the price is higher than the cloud.
• The main recommendation: sale entry is started from 136.60, 136.80, 137.00.
• Alternative recommendation: buy entry is started from 136.20, 136.00, 135.70.

The euro yen retains the potential to strengthen, which is due to the general weakness of the yen and the very strong growth of the European currency based on positive data on the euro area. But also this cross is limited to a significant overbought and two-year highs.

GBP JPY (current price: 153.30)

• Support levels: 147.00 (minimum of last months), 144.20 (Fib., 50.0 from the low of April), 141.50.
• Resistance levels: 151.30, 152.80 (the maximum of the current year), 155.40.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is above 0, the signal line is in the body of the histogram. RSI (14) is in the overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line is above the Kijun-sen line, the price is in the clouds.
• The main recommendation: sale entry is started from 153.40, 153.60, 153.80.
• Alternative recommendation: buy entry is started from 153.00, 153.70, 153.50.

The pound yen pair is also accelerated growth due to the the yen weakness, but is also limited to a significant overbought and two-month highs.

EUR CHF (current price: 1.1770)

• Support levels: 1.1500, 1.1450 (Fib., 23.6 from the low of the current year), 1.1350.
• Resistance levels: 1.1700 (the maximum of the current year), 1.1750, 1.1800.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is above 0, the signal line is in the body of the histogram. RSI (14) is in the slightly overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line is above the Kijun-sen line, the price is higher than the cloud.
• The main recommendation: sale entry is started from 1.1770, 1.1790, 1.1800.
• Alternative recommendation: buy entry is started from 1.1750, 1.1730, 1.1700.

The euro franc is traded in an uptrend, remaining in a slightly overbought zone due to the overall growth of optimism about the euro.