EUR/JPY broke key support level 131…
GBP/USD: "V-Top" pushed price lower
There's a "V-Top" pattern, which pushed the price lower. The main intraday target is the nearest support at 1.3298 - 1.3278. If a pullback from these levels happens little later on, we could have just another upward price movement towards the next resistance at 1.3359 - 1.3382.
The 34 Moving Average is acting as support, so bulls are likely going to test the closest resistance at 1.3336 - 1.3359. However, if we have a pullback from this area, there'll be an opportunity to have a decline in the direction of the nearest support at 1.3298 - 1.3278.
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.