EUR/JPY broke key support level 131…
EUR/USD: "Three Methods" pattern
The last bullish "Harami" and "Engulfing" patterns led to the current upward price movement. If any bearish pattern forms in the short term, there'll be a moment for a bearish correction.
The nearest "Window" acted as support, so there's a "Three Methods" pattern. In this case, the market is likely going to continue moving up in the coming hours.
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.