EUR/JPY broke key support level 131…
GBP/USD: "Thorn" pattern
The main trend is still bullish, but there's a "V-Top" pattern. The main intraday target is the next support at 1.3834 - 1.3741. Meanwhile, if a pullback from this area happens, we could have another upward price movement.
There's a bearish "Thorn" pattern, so the price is consolidating. It's likely that the pair is going to test the nearest resistance at 1.3944 - 1.3979, which could be a departure point for a bullish price movement.
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.