empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
28.05.2020 07:12 PM
Comprehensive analysis of movement options for EUR/GBP & GBP/JPY & EUR/JPY (H4) on May 29, 2020
Open trading account Open demo account

Minuette operational scale (H4)

What will the main cross-tools offer us at the beginning of summer? Options for the development of the EUR/GBP & GBP/JPY & EUR/JPY movement in the H4 timeframe from May 29, 2020.

____________________

Euro vs Great Britain pound

Starting May 29, 2020, the development of the movement of the "main" EUR/GBP cross-instrument will be determined by the development and the direction of the breakdown of the boundaries of the 1/2 Median Line channel (0.8970-0.8990-0.9010) and the equilibrium zone (0.8990-0.9015-0.9035) of the Minuette operational scale - see the details of working out the above levels on the animated chart.

Breakdown of the lower border of the channel 1/2 Median Line of the Minuette operational scale - support level 0.8970 - option to continue the downward movement of the "main" cross-tool to the borders of the channel 1/2 Median Line (0.8945-0.8920-0.8890) and (after updating the local minimum 0.8880) the equilibrium zone (0.8870-0.8830-0.8795) of the Minuette operational scale fork.

If the upper limit of ISL61.8 of the balance zone of the Minuette operational scale forks is broken - resistance level 0.9035 - the upward movement of EUR/GBP can be continued to the final Shiff Line (0.9075) and the final FSL line (0.9120) of the Minuette operational scale forks.

The options for the EUR/GBP movement from May 29, 2020, depending on the working out of the above range, are shown on the animated chart.

This image is no longer relevant

____________________

Great Britain pound vs Japanese yen

From May 29, 2020, the development of the movement of the GBP/JPY cross-instrument will continue, taking into account the direction of the breakout of the range:

  • resistance level of 132.60 - final Shiff Line of the Minuette operational scale fork;
  • support level of 132.10 - the lower limit of ISL38.2 of the balance zone of the Minuette operational scale fork.

If the support level of 131.20 on the lower border ISL38.2 equilibrium zone of the Minuette operational scale fork, with subsequent breakdown of the initial line SSL (131.85) trading recommendations, will make the actual continuation of the downward movement of GBP/JPY to the borders of the channel 1/2 Median Line Minuette (130.85-130.25-129.65) with the prospect of updating the local minimum 129.28 and the achievement of the line of control LTL Minuette (128.00).

A joint breakdown of the final Shiff Line Minuette - resistance level 132.60 - and the median line minuette (132.95) will determine the continuation of the upward movement of GBP/JPY towards the goals:

  • upper bound of ISL61.8 (133.65) equilibrium zone of the Minuette operational scale fork;
  • channel 1/2 Median Line (134.10-135.30-136.50) of the Minuette operational scale fork.

From May 29, 2020, we look at the GBP/JPY movement options on the animated chart.

This image is no longer relevant

____________________

Euro vs Japanese yen

The development of the movement of the EUR/JPY cross-instrument from May 29, 2020 will depend on the development and direction of the breakdown of the range:

  • resistance level 119.30 - final Shiff Line of operational scale forks Minute;
  • support level 118.65 - the lower bound of ISL38.2 balance zone of the Minuette operational scale fork.

A breakdown of the lower boundary of the ISL38.2 equilibrium zone of the Minuette operational scale fork - support level 118.65 - will direct the downward movement of EUR/JPY to the boundaries of the equilibrium zone (118.05-117.45-116.85) of the Minuette operational scale fork and channel 1/2 Median Line (117.15-116.50-115.85) of the Minuette operational scale fork.

If the resistance level of 119.30 breaks at the final Shiff Line Minute, the upward movement of EUR/JPY can be continued towards the goals:

  • Median Line Minute (119.70);
  • final line FSL (120.10) of the Minuette operational scale fork;
  • upper bound of ISL61.8 (120.70) balance zone of the Minuette operational scale fork;
  • local maximum 121.12.

The markup of the EUR/JPY movement options from May 29, 2020 is shown on the animated chart.

This image is no longer relevant

____________________

The review is compiled without taking into account the news background, the opening of trading sessions of the main financial centers, and is not a guide to action (placing "sell" or "buy" orders).

Ratu Taslim,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Wave analysis
GBP/USD Analysis on May 1, 2025 The wave pattern for GBP/USD has also transformed into a bullish, impulsive structure—"thanks" to Donald Trump. The wave pattern is almost identical to that of EUR/USD. Until February
Chin Zhao
18:56 2025-05-01 +02:00
1195
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders on May 1st (U.S. Session) Trade Analysis and Tips for Trading the Japanese Yen The test of the 144.38 level occurred when the MACD had already moved significantly above the zero mark, which limited
Jakub Novak
18:49 2025-05-01 +02:00
1180
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Signals for EUR/USD for April 30, 2025: sell below 1.1376 (21 SMA - 7/8 Murray)

Early in the American session, the EUR/USD pair is trading around 1.1378 within the downtrend channel formed on April 17 and showing signs of exhaustion of bullish strength. A technical
Dimitrios Zappas 17:37 2025-04-30 UTC+2

Forex forecast 30/04/2025: EUR/USD, AUD/USD, USD/JPY, Gold, and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
Sebastian Seliga 16:31 2025-04-30 UTC+2

Trading Signals for GOLD (XAU/USD) for April 30, 2025: buy above $3,270 (21 SMA - 6/8 Murray)

Early in the American session, gold is trading around 3,384, above key support and rebounding after reaching 3,267. Gold is expected to regain strength if it consolidates above 3,381 (6/8
Dimitrios Zappas 15:07 2025-04-30 UTC+2

Forex forecast 29/04/2025: EUR/USD, GBP/USD, Gold, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
Sebastian Seliga 08:41 2025-04-30 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday April 30, 2025.

With the appearance of Divergent and Descending Broadening Wedge patterns on the 4-hour chart of the AUD/JPY cross currency pair, although its price movement is below the EMA (21) which
Arief Makmur 06:19 2025-04-30 UTC+2

Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Wednesday April 30, 2025.

On the 4-hour chart of the main currency pair USD/JPY, it can be seen that the Stochastic Oscillator indicator forms a Double Bottom pattern while the price movement of USD/JPY
Arief Makmur 06:17 2025-04-30 UTC+2

Trading Signals for GOLD (XAU/USD) for April 29-30, 2025: buy above $3,310 (21 SMA - 7/8 Murray)

Early in the American session, gold is trading around the 3,310 level, where it is located at the 21SMA and within a symmetrical triangle pattern formed on April 23. Consolidation
Dimitrios Zappas 18:10 2025-04-29 UTC+2

Trading Signals for EUR/USD for April 29-30, 2025: sell below 1.1410 (symmetrical triangle - 7/8 Murray)

Our trading plan for the coming hours is to sell below 1.1410 with targets at 1.1370 and 1.1230. The eagle indicator is giving a negative signal, so we believe
Dimitrios Zappas 17:52 2025-04-29 UTC+2

Forex forecast 28/04/2025: EUR/USD, GBP/USD, USD/JPY, USDX, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
Sebastian Seliga 18:34 2025-04-28 UTC+2

Trading Signals for EUR/USD for April 28-30, 2025: sell below 1.1370 (21 SMA - 7/8 Murray)

On the other hand, if bearish pressure prevails and the euro consolidates below 1.1370, it could be seen as a sell signal with targets at the 6/8 Murray located
Dimitrios Zappas 16:29 2025-04-28 UTC+2

Top analytics

Relevance up to 03:00 UTC--4
Why Gold Is Falling for the Third Consecutive Day
11:40 2025-05-01
Fundamental analysis
Relevance up to 02:00 UTC--4
The Eurozone Continues to Deliver Unexpected Results
09:13 2025-05-01
Fundamental analysis
Relevance up to 01:00 UTC--4
USD/JPY: Simple Trading Tips for Beginner Traders on May 1st. Analysis of Yesterday's Forex Trades
09:02 2025-05-01
Forecast
Relevance up to 03:00 UTC--4
The Japanese Yen Has Declined Sharply — Here's Why
11:31 2025-05-01
Fundamental analysis
Relevance up to 01:00 UTC--4
EUR/USD: Simple Trading Tips for Beginner Traders on May 1st. Analysis of Yesterday's Forex Trades
08:57 2025-05-01
Forecast
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.