EUR/JPY broke key support level 131…
EUR/USD: developing wave a of (v)
There's a developing ending diagonal in wave [v] of C. Inside this pattern, wave (iv) may have been formed. So, there's an opportunity to have wave (v) of [v] in the short term. In this case, the high of wave (iii) is likely going to be broken soon.
As we can see on the one-hour chart, we've got a double zigzag pattern in wave (iv). Also, there's a developing wave a, which is likely going to be ended on 7/8 MM Level, which could be a departure point for wave b of (v).
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.