EUR/JPY broke key support level 131…
EUR/USD: bears going to test 89 MA
There are two bearish "Three Methods" patterns in a row. In this case, the market is likely going to decline towards the lower "Window", which could be a departure point for another upward price movement.
We don't have any reversal pattern so far, so bears are likely going to test the 89 Moving Average. If a pullback from this line happens, we could have a local correction. However, we should keep in mind the 144 MA as the next bearish target.
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.