EUR/JPY broke key support level 131…
EUR/USD: "Shooting Star"
There're bullish patterns such a "Morning Star" and a "High Wave", which both have been confirmed. So, the 55 Moving Average is likely going to act as resistance. If so, we could have another decline afterwards.
We've got a "Shooting Star", which has been formed on the 55 Moving Average. However, confirmation of this pattern is a quite weak, so we could have a local bearish correction and the following decline littel later on.
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.