Minuette operational scale (H4)

The main cross-instruments EUR/GBP, GBP/JPY, and EUR/JPY in the H4 timeframe - options for the development of the movement from May 22, 2020.

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Euro vs Great Britain pound

The development of the movement of the "main" EUR/GBP cross-instrument from May 22, 2020 will be determined by the direction of the breakout of the range:

• resistance level 0.9000 on the initial line of the SSL of the Minuette operational scale fork;
• support level 0.8985 at the upper border of the ISL61.8 balance zone of the Minuette operational scale fork.

When the ISL61.8 Minuette breaks the 0.8985 support level, the movement of the "main" cross instrument will again occur in the equilibrium zone (0.8985-0.8955-0.8925) of the Minuette operational scale fork, and in the case of a breakdown of the ISL38.2 Minuette (0.8925), the downward movement of EUR/GBP can be continued to the goals:

• ultimate Shiff Line Minuette (0.8845);
• initial line SSL Minuette (0.8830);
• LTL Minute control line (0.8790).

The breakdown of the initial line of the SSL of the Minuette operational scale fork - the resistance level of 0.9000 - will determine the option to continue the development of the upward movement of EUR/GBP to the goals:

• final line of FSL of the Minuette operational scale fork (0.9090);
• lower border of the channel 1/2 Median Line Minute (0.9195).

The options for the EUR/GBP movement from May 22, 2020, depending on the working out of the above range, are shown on the animated chart.

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Great Britain pound vs Japanese yen

Starting on May 22, 2020, the movement of the GBP/JPY currency pair continues inside the channel 1/2 Median Line (133.95-131.60-129.20) of the Minuette operational scale fork with respect to the direction of the breakout of the range:

• resistance level of 131.90 - the lower boundary ISL38.2 equilibrium zone of the Minuette operational scale fork;
• support level of 131.60 at the intersection 1/2 Median Line Minute and the upper border of the channel 1/2 Median Line Minuette.

A breakdown of the support level of 131.60 at 1/2 Median Line Minute will determine the development of the GBP/JPY movement in the 1/2 Median Line channel (131.60-131.00-130.45) of the Minuette operational scale fork with the prospect, after the breakdown of the lower border of the channel 1/2ML Minuette (130.45), the continuation of the downward movement of this cross-tool to the goals:

• initial line SSL Minuette (129.40);
• lower border of the channel 1/2 Median Line Minute (129.20);
• LTL Minuette control line (128.70);
• and as an option, this cross-tool will be on the initial line SSL Minute (127.30)

In the event of an ISL38.2 Minuette breakdown - resistance level 131.90 - further development of the GBP/JPY movement will continue in the equilibrium zone (131.90-132.70-133.50) of the Minuette operational pitchfork with the prospect of reaching the upper boundary of the 1/2 Median Line (133.55) of the Minuette operational scale pitchfork and local maximum 135.42.

From May 22, 2020, we look at the GBP/JPY movement options on the animated chart.

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Euro vs Japanese yen

The movement of the cross-pair EUR/JPY from May 22, 2020 will depend on the development and direction of a zone boundary equilibrium (118.20-118.75-119.30) of the Minuette operational scale fork - see the animated chart for opening the borders of this zone.

A breakout of the lower border ISL38.2 equilibrium zone of the Minuette operational scale fork - support level of 118.20 will direct the downward movement of the EUR/JPY to the borders of the channel 1/2 Median Line (117.35-116.70-116.00) of the Minuette operational scale fork.

In case of breaking the resistance level of 119.30 - the upper bound ISL61.8 equilibrium zone of the Minuette operational scale fork together with the Median Line Minute (119.40) the movement of EUR/JPY may continue to the upper limit of ISL61.8 (120.40) equilibrium zone of the Minuette operational scale fork with the prospect of achieving maximum 121.12.

The markup of the EUR/JPY movement options from May 15, 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).