EUR/JPY broke key support level 131…
EUR/USD: price going to test nearest support
Bulls faced with resistance at 1.1949, so the market is likely going to test the nearest support area at 1.1909 - 1.1879. If a pullback from this area happens, we could have another upward price movement towards the next resistance at 1.1975 - 1.2003.
The price is consolidating between the levels 1.1914 1.1941. It's likely that the pair is going to achieve the closest support at 1.1897 - 1.1879. However, if we have a pullback from these levels, we should keep an eye on another resistance at 1.1979 - 1.2003 as the next bullish 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.