EUR/JPY broke key support level 131…
USD/JPY: "Shooting Star Doji" pattern
The 21 Moving Average is acting as resistance. All the last candles are bearish, so there isn't any reversal pattern so far. Therefore, the pair is likely going to test the lower "Window" in the short term.
There's a "Shooting Star Doji", so the price is declining. In this case, the 144 Moving Average is likely going to act as support. If we see a pullback from this line, bulls will have a green light to return to the market.
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.