EUR/JPY broke key support level 131…
EUR/USD: bears going to test closest support
There's a "Double Bottom", so the price reached the nearest resistance at 1.1801. In this case, bears are likely going to test the closest support at 1.1727 - 1.1712 in the short term. If we have a pullback from this area, bulls will probably try to achieve the next resistance at 1.1801 - 1.1846.
Bulls found resistance at 1.1784, so the price is consolidating. Therefore, the market is likely going to reach the 34 Moving Average soon. If a pullback from this line happens little later on, there'll be an opportunity to have an upward price movement towards another resistance at 1.1801 - 1.1823.
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.