EUR/JPY broke key support level 131…
EUR/USD: "Thorn" pattern
The 34 Moving Average has acted as support, so the price is consolidating. Therefore, the market is likely going to reach the nearest resistance area at 1.1909 - 1.1919, which could be a departure point for a decline.
There's a "Thorn" pattern, so the price is consolidating. It's likely that bears are going to achieve the closest support at 1.1836 - 1.1821. If a pullback from this area happens, we could have just another upward price movement.
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.