Technical analysis of cross-rates. (Anton Hanzenko)
EUR GBP (current price: 0.8780)
- Support levels: 0.8730 (minimum of the last months), 0.8650, 0.8530.
- Resistance levels: 0.8810, 0.8900, 0.9050 (November 2016 maximum).
- 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 neutral zone. IchimokuKinkoHyo (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 0.8810,0.8840, 0.8860.
- Alternative recommendation: buy entry is started from 0.8750, 0.8730, 0.8700.
The euro pound pair is traded lower with optimism about the pound after the meeting of the Bank of England.
EUR JPY (current price: 134.00)
- Support levels: 134.40 (September 2017 maximum) 131.40, 127.40.
- Resistance levels: 136.80 (October 2015 maximum), 139.00 (August 2015 maximum), 140.90.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line has left the histogram bar. RSI (14) is in the neutral zone. IchimokuKinkoHyo (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 134.20, 134.50, 135.00.
- Alternative recommendation: buy entry is started from 133.70, 133.30, 133.00.
The euro yen keeps a downward trend on the negative sentiment of the market, but the pair is limited to a sideways trend. A breakout of level 134.40 may cause a scale correction.
GBP JPY (current price: 152.60)
- Support levels: 152.80 (September 2017 maximum), 150.00, 147.00.
- Levels of resistance: 155.40, 158.00, 160.30.
- Computer analysis: MACD (12, 26, 9) (signal-flat): the indicator is near 0. RSI (14) is in the neutral zone. Ichimoku Kinko Hyo (9,26,52) (flat signal): 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 152.80, 153.40, 154.00.
- Alternative recommendation: buy entry is started from 151.90, 151.20, 150.80.
The pound yen pair maintains a sideways trend due to the flight from risks and positive expectations for the pound, with the overall upward trend in the pair persists.
EUR CHF (current price: 1.1520)
- Support levels: 1.1500, 1.1450, 1.1400.
- Resistance levels: 1.1600, 1.1700 (the maximum of the current year), 1.1800.
- Computer analysis: MACD (12, 26, 9) (signal-upward movement): the indicator is below 0, the signal line has left the histogram. RSI (14) is in the neutral zone. IchimokuKinkoHyo (9,26,52) (signal-going traffic): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is started from 1.1530, 1.1560, 1.1600.
- Alternative recommendation: buy entry is started from 1.1500, 1.1470, 1.1450.
The euro franc accelerated the decline on the flight from risks, thereby widening the sideways trend. The dynamics of the pair is limited.