EUR/JPY broke key support level 131…
EUR/USD: bearish "Flag"
The 89 Moving Average has been broken, so the price is consolidating. Therefore, the market is likely going to test the nearest support at 1.1108 - 1.1075. If a pullback from this area happens, there'll be an opportunity to have another upward price movement in the direction of the next resistance at 1.1108 - 1.1131.
The price is consolidating along support at 1.1131. Also, there's a bearish "Flag", so the pair is likely going to reach the closest support at 1.1108 - 1.1075. If we have a pullback from these levels, bulls will have a green light to deliver a local correction.
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.