EUR/JPY broke key support level 131…
EUR/USD: "Harami" pushed price higher
The last bullish "Harami" pushed the price higher, so we've got a new local maximum. Also, there isn't any reversal pattern so far. Meanwhile, there's an opportunity to have a local bearish correction towards the nearest support. Nevertheless, the market is likely going to continue moving up afterwards.
We've bearish patterns such a "Shooting Star" and a "Tweezers", but both of them haven't been confirmed yet. Therefore, the 55 Moving Average is likely going to act as support in the short term.
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.