EUR/JPY broke key support level 131…
USD/JPY: bullish "Three Methods"
There isn't any reversal pattern so far, cause all the last candles are bullish. Therefore, the market is likely going to test the 89 Moving Average in the coming hours.
We've got a bullish "Three Methods", which hasn't been confirmed yet. Anyway, bulls are likely going to continue pushing the price even higher until any bearish pattern arrives.
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.