Minute operational scale (H4)

The first half of the first month of autumn - options for the development of the EUR/JPY & GBP/JPY movement in the H4 timeframe from September 4, 2020.

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Euro vs Great Britain pound

The movement of the "main" cross-instrument EUR/GBP from September 4, 2020 will occur depending on the development and direction of the breakdown of the range:

• resistance level of 0.8912 - the lower border of the channel 1/2 Median Line of the Minuette operational scale forks;
• support level of 0.8900 - the reaction line RL23.6 Minuette.

A break of the resistance level of 0.8912 will determine the development of the EUR/GBP movement within the boundaries of the 1/2 Median Line channel (0.8912 - 0.8927 - 0.8942) and equilibrium zones (0.8942 - 0.8968 - 0.8990) of the Minuette operational scale forks with the prospect of reaching the lower limit of ISL38.2 (0.9005) of the equilibrium zone of the Minute operational scale forks.

If this cross-instrument returns below the reaction line RL23.6 Minuette - a breakdown of the support level of 0.8900 - it will be possible to resume the downward movement of EUR/GBP and it will be directed towards the targets:

• LTL control line (0.8865) of the Minute operational scale forks;
• warning line LWL38.2 Minute (0.8800).

Details of the EUR/JPY movement since September 4, 2020 are shown on the animated chart.

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Euro vs Japanese yen

The movement of the cross-pair EUR/JPY from September 4, 2020 will continue depending on the development and the direction of the breakout of the channel borders 1/2 Median Line (125.55 - 125.85 - 126.15) of the Minuette operational scale forks - the markings of the movement within this channel are shown in the animated chart.

In case of breaking the resistance level of 126.15 on the upper border of the channel 1/2 Median Line Minuette, the upward movement of the EUR/JPY will be directed to the goals:

• initial SSL line (126.80) of the Minuette operational scale forks;
• local maximum (127.50);
• control line UTL Minuette (127.15);
• control line UTL Minute (127.50).

A breakout of the lower border of the channel 1/2 Median Line Minuette - support level of 125.55 - option of the movement of EUR/JPY within the zone of equilibrium (125.55 - 125.10 -124.75) of the Minuette operational scale fork and channel 1/2 Median Line (125.30 - 124.65 - 124.00) of the Minute operational scale fork.

We look at the EUR/JPY movement options from August 27, 2020 on an animated chart.

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Great Britain pound vs Japanese yen

From September 4, 2020, the movement of the GBP/JPY cross instrument will also develop depending on the development and direction of the breakdown of the boundaries of the 1/2 Median Line (141.15 - 141.60 - 142.00) of the Minuette operational scale fork - the markup for working out these levels is shown in the animated chart.

The breakdown of the upper border of the channel 1/2 Median Line operational scale Minuette fork - resistance level 142.00 upward movement of this cross-tool will continue to order:

• initial line SSL Minuette (142.50);
• local maximum 142.69;
• UTL control line (142.85) for operating scale forks Minute;
• the control line UTL Minuette (143.55).

A breakout of the lower border of the channel 1/2 Median Line Minuette - support level of 141.52 - will make the actual continuation of the development of the movement of GBP/JPY in the zone of equilibrium (141.15 - 140.65 - 140.10) of the Minuette operational scale forks of the achievement of the channel borders 1/2 Median Line (139.65 - 138.65 - 137.65) of the Minute operational scale forks.

Details of the development of the GBP/JPY movement from September 4, 2020 can be found on the animated.

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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).