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.

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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.

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.

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.

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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).