Technical analysis of cross-rates. (Anton Hanzenko)

EUR GBP (current price: 0.8860)

• 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 below 0, the signal line is in the body of the histogram. RSI (14) is in the oversold 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 started from 0.8870, 0.8890, 0.8900.
• Alternative recommendation: buy entry is started from 0.8850, 0.8830, 0.8800.

The euro pound pair accelerated the decline based on the repulsion from an important resistance level, thereby confirming a downward trend. But further decrease in cross-rate may be hindered by oversold.

EUR JPY (current price: 136.00)

• 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 – 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 – downward movement): the Tenkan-sen line is below the Kijun-sen line, the price is in the cloud.
• The main recommendation: sale entry is started from 136.20, 136.60, 137.00.
• Alternative recommendation: buy entry is started from 135.60, 135.30, 135.00.

The euro yen is under pressure of correction when significant resistance levels were reached. In addition, the pressure on the euro is provided by the US currency.

GBP JPY (current price: 153.40)

• Support levels: 147.00 (minimum of last months), 144.20 (Fibo, 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 – 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 – upward movement): the Tenkan-sen line is above the Kijun-sen line, the price is in the cloud.
• The main recommendation: sale entry is started from 153.60, 153.80, 154.00.
• Alternative recommendation: buy entry is started from 153.00, 152.70, 152.50.

The pound yen pair also slowed the growth due to the overbought, limited to the highs of the past months.

EUR CHF (current price: 1.1720)

• Support levels: 1.1500, 1.1450 (Fibo, 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 – downward movement): the indicator is below 0, the signal line is in the body of the histogram. RSI (14) is in the slightly oversold 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 started from 1.1730, 1.1750, 1.1780.
• Alternative recommendation: buy entry is started from 1.1700, 1.1680, 1.1660.

The euro franc is under pressure due to the sales of a single currency.