Forex Analysis & Reviews: 18.06.2020 - Comprehensive analysis of...

18.06.2020 05:30 PM

Comprehensive analysis of movement options for EUR/GBP, GBP/JPY, and EUR/JPY (H4) on June 19, 2020

Minuette operational scale (H4)

What will happen with the EUR/GBP, GBP/JPY, and EUR/JPY currency pairs in the H4 timeframe - options for the development of the movement from June 19, 2020.

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Euro vs Great Britain pound

Starting June 19, 2020, the development of the movement of the "main" cross-instrument EUR/GBP will be determined by the direction of testing and the direction of the breakdown of the channel boundaries 1/2 Median Line (0.9070-0.9035-0.9005) of the Minuette operational scale forks - details of movement inside this channel are shown on the animated chart.

A breakdown of the support level of 0.9005 on the lower boundary of the 1/2 Median Line Minute channel will direct the downward movement of the "main" cross-instrument to the initial SSL line (0.8975) of the Minuette operational scale forks, as well as to the borders of the 1/2 Median Line Minuette channel (0.8945-0.8925-0.8905) and the equilibrium zones of the operational scales pitchforks - Minute (0.8905-0.8863-0.8815) and Minuette (0.8875-0.8845-0.8815).

If the resistance level of 0.9070 breaks at the upper border of the channel 1/2 Median Line in the Minuette operational scale, the upward movement of EUR/GBP can be continued to the warning line UWL38.2 Minute (0.9130).

The EUR/GBP movement options from June 19, 2020 are shown on the animated chart.

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Euro vs Japanese yen

The development of the movement of the EUR/JPY cross-instrument from June 19, 2020 will depend on the development and direction of the breakdown of the boundaries of the equilibrium zone (120.80-119.65-118.55) of the Minuette operational scale pitchfork - details of movement within the specified balance zone are shown on the animated chart.

Breakdown of the lower border of ISL61.8 of the balance zone of the Minuette operational scale forks - support level 118.55 - the continuation of the downward movement of EUR/JPY to the borders of the channel 1/2 Median Line (116.500-115.80-115.15) of the Minuette operational scale forks.

The breakdown of the top border ISL38.2 equilibrium zone of the Minuette operational scale forks - resistance level 120.80 - will be important in the development of the movement of EUR/JPY to the borders of the channel 1/2 Median Line Minuette (121.15-122.10-123.05).

From June 19, 2020, we look at EUR/JPY movement options on the animated chart.

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Great Britain pound vs Japanese yen

The development of the GBP / JPY cross-instrument movement from June 19, 2020 will also be determined by the development and direction of the breakdown of the boundaries of the equilibrium zone (135.00-133.75-132.30) of the Minuette operational scale forks - the markup of movement inside this equilibrium zone is presented on the animated graph.

A breakdown of the lower border of ISL61.8 of the balance zone of the Minuette operational scale forks - support level of 132.30 - will determine the continuation of the downward movement of GBP/JPY to the local minimum of 129.28.

In case of a breakdown of the top border ISL38.2 equilibrium zone of the Minuette operational scale forks - resistance level of 135.00 - the upward movement of the GBP/JPY can be continued to the boundaries of the channel 1/2 Median Line (136.00-137.20-138.40) of the Minuette operational scale forks.

Details of the development of the EUR/JPY movement from June 19, 2020 are shown on the animated chart.

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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).

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