Comprehensive analysis of movement options for EUR/GBP, GBP/JPY, and EUR/JPY (H4) on May 15, 2020

By | May 14, 2020
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Comprehensive analysis of movement options for EUR/GBP, GBP/JPY, and EUR/JPY (H4) on May 15, 2020

Minuette operational scale (H4)

The second half of May in the development of the movement of the main cross-tools EUR/GBP, GBP/JPY, and EUR/JPY (H4).

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Euro vs Great Britain pound

The development of the movement of the “main” cross-instrument EUR/GBP from May 15, 2020 will be determined by the development and direction of the breakdown of the range:

  • resistance level of 0.8875 at the lower border of ISL38.2 of the balance zone of the Minuette operational scale forks;
  • support level of 0.8845 on the ultimate Shiff Line Minuette.

In the event of the breakdown of the final Shiff Line Minuette – the support level of 0.8845 – the development of the downward movement of the “main” cross-instrument will be directed to the borders of the 1/2 Median Line (0.8777-0.8752-0.8730) of the Minuette operational scale forks.

The breakout of ISL38.2 Minuette – the resistance level of 0.8875 – will determine the development of the EUR/GBP movement in the equilibrium zone (0.8875-0.8910-0.8940) of the Minuette operational scale forks.

The options for the EUR/GBP movement from May 15, 2020, depending on the working out of the above range, are shown on the animated chart.

analytics5ebd7730e0e0c.jpg

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Great Britain pound vs Japanese yen

The development of the movement of the GBP/JPY cross-instrument from May 15, 2020 will be due to the development and direction of the breakdown of the 1/2 Median Line channel boundaries (129.90-130.30-130.70) of the Minuette operational scale forks – see the animated chart for the details of the movement inside the channel.

Breakdown of the upper border of the channel 1/2 Median Line in the operating scale minuette – resistance level 130.70 – a variant of the upward movement of GBP/JPY to the goals:

  • 1/2 Median Line Minute – 131.85;
  • local maximum – 133.16.
  • upper limit of the channel 1/2 Median Line (134.25) of the Minuette operational scale forks.

If the lower border of the 1/2 medium Line channel is broken, the Minuette operational scale forks – the support level of 129.90 – will continue to develop the downward movement of GBP/JPY towards the goals:

lower border of the channel 1/2 Median Line (129.50) of the operating scale fork Minuette;

equilibrium zone (129.10 – 128.55 – 128.00) of the operating scale fork Minuette;

SSL Minute start line (126.95).

From May 15, 2020, we look at the GBP/JPY movement options on the animated chart.

analytics5ebd77475f8d9.jpg

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Euro vs Japanese yen

Range development and breakdown direction:

  • resistance level of 115.90 on the initial line of the SSL of the operational scale fork Minuette;
  • support level of 115.45 at the upper border of the channel 1/2 Median Line Minuette.

And it will determine the development of the EUR/JPY cross-instrument movement from May 15, 2020.

The breakdown of the initial line SSL of the operational scale fork Minuette – resistance 115.90 – variant development of the upward movement of EUR/JPY to the borders of the channel 1/2 Median Line (116.50 – 117.15 – 117.77) fork operational scale Minute.

If the support level of 115.45 breaks down at the upper border of the 1/2 medium Line Minuette channel together with ISL38.2 Minuette (115.20), the development of the EUR/JPY movement will occur within the borders of the 1/2ML Minuette channel (115.45-115.05-114.70) and balance zones of the Minuette operational scale fork (115.20-114.40-113.65) and Minuette (114.05-113.40-112.75).

The markup of the EUR/JPY movement options from May 15, 2020 is shown on the animate chart.

analytics5ebd776152e7f.jpg

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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).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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