28.08.201902:33 Forex Analysis & Reviews: USD / JPY vs EUR / JPY vs GBP / JPY. Comprehensive analysis of movement options from August 28, 2019 APLs & ZUP analysis

Let's consider the development of the USD / JPY currency movement of the "country of the rising sun" and its cross-instruments EUR / JPY and GBP / JPY will begin to flow from August 28, 2019.

Minuette operational scale (H4 timeframe)

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US dollar vs Japanese yen

The development of the USD / JPY currency movement of the "country of the rising sun" from August 28, 2019 will be due to the development and direction of the breakdown of the boundaries of the equilibrium zone (105.85 - 105.60 - 105.30) of the Minuette operational scale. The movement markings inside this zone are shown in the animation chart.

The breakdown of the lower boundary of ISL61.8 (support level of 105.30) of the equilibrium zone of the Minuette operational scale fork will make it relevant to continue the development of the downward movement of USD / JPY to the targets - the lower boundary of ISL61.8 (105.00) of the equilibrium zone of the Minuette operational scale fork - the final Schiff Line Minuette (104.80) - the starting line of the FSL Minuette (104.47) - the control line of the LTL Minuette (104.05).

In case of breakdown of the upper boundary of ISL38.2 (resistance level of 105.85) of the equilibrium zone of the Minuette operational scale fork, the upward movement of the currency of the country of the rising sun can be continued to the upper boundary of ISL38.2 (106.10) of the equilibrium zone of the Minuette operational scale fork and the boundaries of the 1/2 Median Line Minuette channel (106.20 - 106.60 - 107.05).

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

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Euro vs Japanese yen

The development of the cross-instrument EUR / JPY movement from August 28, 2019 will be determined by the development and direction of the breakdown of the channel boundaries 1/2 Median Line (117.70 - 117.45 - 117.20) of the Minuette operational scale fork. We look at the markup on the animation chart.

In case of breakdown of the upper boundary of the 1/2 Median Line Minuette channel (resistance level of 117.70), the upward movement of EUR / JPY can be directed to the boundaries of the equilibrium zones of the Minuette operational scales fork - (118.30 - 118.80 - 119.30) and Minuette (118.40 - 119.00 - 119.60).

On the other hand, the breakdown of the lower boundary of the 1/2 Median Line channel (support level of 117.20) of the Minuette operational scale fork will make it possible to continue the development of the downward movement of this cross-instrument to the targets - SSL start line Minuette (116.80) - local minimum 116.54 - SSL start line (116.45) Minuette operational scale - LTL Minuette control line (116.30).

The details of the EUR / JPY movement, depending on the working out of the boundaries of this channel, are presented in the animated chart.

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Great Britain pound vs Japanese yen

Meanwhile, the development of the GBP / JPY cross-instrument movement from August 28, 2019 will depend on the direction of the breakdown of the range :

• resistance level of 129.95 (control line UTL Minuette operational scale fork);
• support level of 129.40 (start line SSL Minuette operational scale fork).

In case of the breakdown of the UTL control line (resistance level of 129.95) of the Minuette operational scale fork, the upward movement of GBP / JPY will continue to the targets - 1/2 Median Line Minuette (130.20) - local maximum 130.67 - upper boundary of the channel 1/2 Median Line Minuette (131.30) - lower boundary ISL38.2 (132.60) of the equilibrium zone of the Minuette operational scale fork.

A combined breakdown of the SSL Minuette start line (support level of 129.40) and the lower boundary of the 1/2 Median Line channel (support level of 129.00) of the Minuette operational scale will confirm the continued development of the downward movement of this cross-instrument to the boundaries of the 1/2 Median Line channel (127.40 - 126.60 - 125.80) Minuette operational scale fork.

We look at the animated chart for the GBP / JPY movement options, depending on the breakdown direction of the above range.

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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.