EUR/JPY broke key support level 131…
EUR/USD: triangle in wave [iv]
The price has been rising since a pullback from 4/8 MM Level formed. The main intraday target for wave [v] of 5 is 6/8 MM Level, which could be a departure point for a bearish correction.
There's a triangle in wave [iv], so the price is rising. An impulse in wave [v] hasn't been finished yet, so we should keep an eye on 8/8 MM Level, which is likely going to act as resistance.
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.