Euro vs Japanese yen

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.