EUR/JPY broke key support level 131…
USD/JPY: "Hammer" and "Inverted Hammer"
We've got a "Hammer" and an "Inverted Hammer" at the local low. So, the price is likely going to test the last high in the short term. If any bearish pattern arrives afterwards, there'll be an opportunity to have a decline towards the Moving Averages.
The 55 Moving Average has acted as a support, so we've got an "Inverted Hammer", which has been confirmed enough. Therefore, the pair is likely going to test the upper "Window" in the coming hours.
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.