EUR/JPY broke key support level 131…
GBP/USD could lose steam around 1.2860, resuming bearish bias
GBP/USD found a demand area between 1.2705 and 1.2636, which coincides with the Fibonacci expansion levels of 100% and 123.6%. There was a divergence formed bwteen the latest two lower swings and it seems that we can witness some recovery in coming hours. However, we should keep in mind that resistance zone of 1.2860 could act as a strong barrier for buyers, given that 200 SMA (H1 chart) is another dynamic hurdle to pay attention.
RSI indicator is supporting the bullish scenario for the Cable, but it’s entering now at the overbought territory, so be cautious of ongoing longs in the pair.
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.