EUR/JPY broke key support level 131…
GBP/USD: bearish "Pennant"
The 55 Moving Average is acting as a support. Also, there's a "V-Bottom", so the price is consolidating. In this case, bears are likely going to test support at 1.2865 in the short term. If we see a pullback from this level, bulls will probably try to test the 34 Moving Average.
We've got a bearish "Pennant", so the market is likely going to achieve the closest support at 1.2830 - 1.2865. However, if a pullback from this area happens, there'll be an opportunity to have an upward price movement towards resistance at 1.2863 - 1.2883.
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.