Minor (Daily)
Euro vs Japanese Yen
The development of movement of cross-tool EUR / JPY in May 2019 will be determined by the direction of the breakdown range:
-> the level of resistance of 125.20 (initial line SSL Fork operational scale Minute);
-> support level 124.75 (the upper limit of the channel 1/2 the Median Line forked operational scale Minor).
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The outlook for the development of the downward movement (sell)
The breakdown of the support level 124.75 -> the development of the cross-instrument will continue in channel 1/2 Median Line (124.75 <->123.45 <-> 122.50) of the forked operating scale Minor.
Details look at the animated graphics .
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Prospects for the development of the upward movement (buy)
Breakdown of the resistance level 125.20 (starting line the SSL Minute) -> the option of continuing the development of the upward movement of EUR / JPY to the borders 1/2 channel Median Line ( 125.75 <-> 126.25 <-> 126.75 ) and an equilibrium zone (127.40 <-> 128.10 <-> 128.70) of the forked operating scale Minute.
Details are shown in animated graphics .
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The review was compiled without taking into account the news background, the opening of trading sessions in the main financial centers. This is not a guide to action (placing orders "sell" or "buy").