EUR/JPY broke key support level 131…
EUR/USD: bears going to deliver another impulse
The price is still consolidating under 4/8 MM Level. The main target for wave (i) is 3/8 MM Level, which could be a departure point for wave (ii). Anyway, bears are likely going to deliver wave (iii) afterwards.
There's a pullback from 2/8 MM Level, so wave iv of (i) may have been formed. Therefore, we could have wave v of (i) in the coming hours. However, if a pullback from 0/8 MM Level happens, there'll be an opportunity to have wave (ii).
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.