EUR/JPY broke key support level 131…
GBP/USD: resistance waiting for bulls
The price is consolidating above the broken trendline. It seems like bulls are ready to go even higher, so we should keep an eye on the next resistance at 1.2976 - 1.3013 as an intraday target. If a pullback from this area happens, there'll be an option to have a decline in the direction of the nearest support at 1.2976 - 1.2887.
Bulls faced resistance at 1.2976, so the price is consolidating. Nevertheless, the pair is likely going to continue moving up towards the next resistance at 1.3013, which could be a departure point for a local decline.
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.