EUR/JPY broke key support level 131…
AUD/USD: still bullish above 0.7570
AUD/USD has been moving in a narrow range and its structure continues to be choppy across the board. The 200 SMA at H1 chart remains as a dynamic resistance and the Fibonacci level of 78.6% at 0.7572 is still providing support for the pair. If it manages to rebound around that area, we could expect further gains towards the -23.6% Fibo zone at 0.7677.
To the downside, the next target should be December 1st lows at 0.7550. RSI indicator is entering the neutral territory, calling for more sideways’ moves in the pair.
There isn't any reversal pattern so far. If the 21 MA acts as resistance, we're likely going to have just another decline...
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.
Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.