EUR/JPY broke key support level 131…
EUR/USD: price reached upper "Window"
The price has reached the upper "Window", but there isn't any reversal pattern so far. So, there's an opportunity to have a local bearish correction. Meanwhile, if a pullback from the nearest support happens afterwards, there'll be an option to have another bullish rally.
There's a bearish "High Wave", but confirmation of this pattern isn't enough. In this case, the market is likely going to test the upper "Window" once again. If one more pullback from this levels happens, bears will probably try to reach the nearest support area.
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.