EUR/JPY broke key support level 131…
EUR/USD: "V-Top" pattern
There's a "V-Top" pattern, which pushed the price to support at 1.1494, so we've got a consolidation. However, bears are likely going to test the next support at 1.1464. If a pullback from this level happens, there'll be an opportunity to have another upward price movement in the direction of the nearest resistance at 1.1560 - 1.1582.
The 34 Moving Average has acted as support, so the price is consolidating. Meanwhile, the pair is likely going to test the closest resistance at 1.1529 - 1.1547, which could be a departure point for a decline. If so, we should keep an eye on the next support at 1.1494 - 1.1479 as the next bearish target.
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.