EUR/JPY broke key support level 131…
EUR/USD: pullback from 1/8 MM Level
A bullish impulse in wave [c] of 2 may have been formed. Also, there's a small bearish impulse in wave (i). In this case, we're likely going to have another decline in wave (iii) in the coming hours.
We've got a pullback from 1/8 MM Level, so wave (i) may have been formed. The main target for wave (ii) is 4/8 MM Level, which could be a departure point for wave (iii).
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.