EUR/JPY broke key support level 131…
EUR/USD: "Shooting Star" launched local correction
The price reached a resistance, so we’ve got a “Tweezers” pattern on the last high. Therefore, the market is likely going to test the nearest “Window”, which could act as a support. If a pullback from this level happens, there’ll be an opportunity to have another upward price movement.
There’s a bearish correction, which is taking place on the one-hour chart. Also, we’ve got a “Shooting Star’ and a “Three Black Crows”, so the price is likely going to continue falling down towards the lower “Window”.
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.