EUR/JPY broke key support level 131…
EUR/USD: bullish "High Wave"
Bulls are still pushing the price higher, but there's a bearish "Engulfing" pattern, which hasn't been confirmed yet. Therefore, the market is likely going to test the nearest support, which could be a departure point for another upward price movement.
We've got a "Shooting Star", which has been confirmed. Therefore, bears are likely going to test the 89 Moving Average. If we see a pullback from this line, there'll be an opportunity to have a new high.
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.