A comprehensive analysis of the options for the development of the movement from May 23, 2019 currency instruments EUR / USD h4 vs USD / JPY h4 vs EUR / JPY in the Minuette operating scale (H4 time frame)
Minuette operational scale (h4)
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Euro vs US Dollar
The movement of the single European currency EUR / USD from May 23, 2019 will be determined by the direction of the breakdown of the range:
-> resistance level of 1.1175 (reaction line RL23.6 Minuette operational scale forks);
-> support level of 1.1160 (the initial line of the SSL Minuette operational scale forks).
Accordingly, in the case of the breakdown of the resistance level of 1.1175 (RL23.6 Minuette), we will have an upward movement of this instrument to the boundaries of the 1/2 Median Line channel (1.1190 <-> 1.1205 <-> 1.1220) and the equilibrium zone (1.1220 <-> 1.1245 <-> 1.1265) Minuette operational scale fork.
Thus, the downward movement of the EUR / USD pair will become possible with the breakdown of the support level of 1.1160 (the initial SSL line of the Minuette operational scale), whose goals will be -> the initial SSL line Minuette (1.1150) <-> 1/2 Median Line Minuette channel (1.1141 <-> 1.1120 <-> 1.1100).
The marking options for the EUR / USD movements are shown in the animated graphic.
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US dollar vs Japanese yen
Further development of the USD / JPY movement from May 23, 2019 will be determined by testing the resistance level of 110.50 by 1/2 Median Line of the Minuette operational scale fork.
If USD / JPY remains below the level of 110.50 (1/2 Median Line Minuette), then there will be an actual development of the downward movement of the exchange instrument to the boundaries of the equilibrium zone (110.10 <-> 109.70 <-> 109.25) Minuette operational scale fork.
On the other hand, when the level of resistance 110.50 (1/2 Median Line Minuette) breakdown, then there will be an upward movement of the instrument which will be directed to the boundaries of the equilibrium zone (110.70 <-> 111.20 <-> 111.70) Minuette operational scale fork.
The marking options for the USD / JPY movements can be seen at the animated graphic.
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Euro vs Japanese Yen
As of May 23, 2019, the development of the EUR / JPY cross-tool movement will occur, which will depend on the testing of the resistance level of 123.40 (upper boundary ISL61.8 of the Minuette operational scale fork).
In case of a repeated breakdown of this resistance level - 123.40 (ISL61.8 Minuette) - the upward movement of the cross instrument will be directed to the 1/2 Median Line Minuette (123.70) and the equilibrium zone (124.30 <-> 125.00 <-> 125.6) of the Minuette operational scale fork.
However, if the EUR / JPY price remains below the upper boundary of the ISL61.8 (123.40) equilibrium zone of the Minuette operational scale fork, then the movement of this instrument will be directed towards the targets -> Median Line of the Minuette (123.10) <-> ISL38.2 Minuette (122.7) <-> initial SSL line (122.25) Minuette operational scale fork.
The marking options for the movements of the cross-instrument EUR / JPY are presented in the animated graphic.
