EUR/JPY broke key support level 131…
GBP/NZD inside a rebound zone
There is a corrective move in favor of the bears in GBP/NZD and according to our Fibonacci projections, the pair has tested a demand zone around the 61.8% level at 1.8759, at which is located the 200 SMA at H1 chart. Such move could trigger buy orders in order to reach the next target around -23.6% Fibo level at 1.9685.
RSI indicator remains in the positive territory and it’s pointing to the upside, calling for further bullish moves in the short-term.
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.