EUR/JPY broke key support level 131…
GBP/USD: "V-Bottom" led to a new high
The 55 Moving Average has acted as support, so there's a bullish "Thorn" pattern. The main intraday target is the next resistance at 1.3382 - 1.3408. This area could be a departure point for a decline towards the nearest support at 1.3320 - 1.3298.
We've got a "V-Bottom" pattern, which led to forming a new local high. So, we're likely going to have a local downward correction in the coming hours. If a pullback from the closest support at 1.3336 happens afterwards, bulls will try to deliver another rally.
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.