09.08.201901:33 Forex Analysis & Reviews: USD / JPY vs EUR / JPY vs GBP / JPY. Comprehensive analysis of movement options from August 08, 2019 APLs & ZUP analysis

Let's consider how further the development of the USD / JPY currency movement of the "country of the rising sun" and its cross-instrument EUR / JPY and GBP / JPY will begin to flow from August 08, 2019.

Minuette operational scale (H4 timeframe)

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US dollar vs Japanese yen

The development of the currency movement of the "country of the rising sun" USD / JPY from August 08, 2019 will be determined by the direction of the breakdown of the range :

• resistance level of 106.05 (lower boundary of the ISL61.8 equilibrium zone of the Minuette operational scale fork);
• support level of 105.60 (start line SSL of the Minuette operational scale fork).

A combined breakdown of the SSL start line (resistance level of 105.60) of the Minuette operational scale fork, the final Schiff Line Minuette (105.35) and the LTL Minuette control line (105.15) will make it possible to continue the downward movement of the currency of the "rising sun" to the final FSL (104.25) and warning LWL38 .2 (103.35) of the Minuette operational scale fork.

If the breakdown of the ISL61.8 Minuette takes place (resistance level of 108.25), then the development of the USD / JPY movement will continue within the boundaries of the equilibrium zones of the Minuette (106.05 - 106.60 - 107.10) and Minuette (107.10 - 107.35 - 108.00).

The details of the movement of USD / JPY, depending on the direction of breakdown of the range, are shown in the animated chart.

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Euro vs Japanese yen

The development of the movement of EUR / JPY cross-instrument from August 08, 2019 will be determined by the development and direction of the breakdown of the boundaries of the equilibrium zone (119.20 - 118.85 - 118.40) of the Minuette operational scale fork. Look at the markup on the animation chart.

A successful breakdown of the lower boundary of ISL38.2 (support level of 118.40) of the equilibrium zone of the Minuette operational scale fork and ISL38.2 Minuette (118.30) will determine the development of the EUR / JPY movement within the boundaries of the equilibrium zone (118.30 - 117.70 - 117.10) of the Minuette operational scale fork and 1/2 Median Line channel (117.50 - 117.25 - 116.85) of the Minuette operational scale fork.

In case of breakdown of the upper boundary ISL61.8 (resistance level of 119.20) of the equilibrium zone of the Minuette operational scale fork, the development of the movement of this cross-instrument will continue in the 1/2 Median Line channel (119.05 - 119.50 - 119.90) of the Minuette operational scale fork with the prospect of reaching the initial SSL line Minuette (120.05) and the final line FSL Minuette (120.35).

The details of the movement of EUR / JPY, depending on the development of the boundaries of this zone, are presented in the animated chart.

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Great Britain pound vs Japanese yen

The movement of the GBP / JPY cross-instrument from August 08, 2019 will depend on the development and direction of the breakdown of the channel boundaries of 1/2 Median Line (128.40 - 129.00 - 129.40) of the Minuette operational scale. See the animation for details.

If the support level of 128.40 is broken down at the lower boundary of the 1/2 Median Line channel of the Minuette operational scale fork and the local minimum of 128.07 is updated, the downward movement of GBP / JPY will be possible to continue to the targets - the initial SSL Minuette line (127.50) - the final FSL line (126.90) Minuette operational scale fork - control line LTL Minuette (126.55) with the prospect of reaching the warning line LWL38.2 Minuette (125.35).

The breakdown of the resistance level of 129.40 (the upper boundary of the 1/2 Median Line Minuette channel) will direct the development of the movement of this cross-instrument to the boundaries of the equilibrium zones of the Minuette operational scales fork 129.80 - 130.40 - 131.10) and Minuette 129.80 - 130.75 - 131.60).

The GBP / JPY movement options, depending on the direction of the breakdown of the 1/2 Median Line channel Minuette, are presented in the animated chart.

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The review is made without taking into account the news background. The opening of trading sessions of the main financial centers does not serve as a guide to action (placing orders "sell" or "buy").

The formula for calculating the dollar index:

USDX = 50.14348112 * USDEUR0.576 * USDJPY0.136 * USDGBP0.119 * USDCAD0.091 * USDSEK0.042 * USDCHF0.036.

where the power coefficients correspond to the weights of the currencies in the basket:

Euro - 57.6%;

Yen - 13.6% ;

Pound Sterling - 11.9%;

Canadian dollar - 9.1%;

Swedish Krona - 4.2%;

Swiss franc - 3.6%.

The first coefficient in the formula leads the index to 100 at the start date of the countdown - March 1973, when the main currencies began to be freely quoted relative to each other.