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USD/JPY: "WINDOW" ACTED AS RESISTANCE 11:55 22.02.2018 The upper "Window" acted as resistance, so there's an "Engulfing" pattern. In this case, we're likely going to have a bearish correction in the short term. Nevertheless, bulls will probably try to test the "Window" once again afterwards. The price has reached the 55 Moving Average, but there's still no any reversal pattern. So, the pair is likely going to continue moving down in the coming hours in the direction of the next support area. More: https://goo.gl/fVFviV

USD/JPY Daily Analytics 11:55 22.02.2018 The upper "Window" acted as resistance, so there's an "Engulfing" pattern. In this case, we're likely going to have a bearish correction in the short term. Nevertheless, bulls will probably try to test the "Window" once again afterwards. The price has reached the 55 Moving Average, but there's still no any reversal pattern. So, the pair is likely going to continue moving down in the coming hours in the direction of the next support area. More: https://goo.gl/rh1Tk2

EUR/USD Daily analytics 11:47 22.02.2018 There's a bullish "Hammer", which hasn't been confirmed yet. Therefore, the price is likely going to test the 55 Moving Average, which could act as resistance. If so, there'll be an opportunity to have another decline. We've got a bullish "Harami" at the last low, but confirmation of this pattern isn't enough. So, we could have just a local upward correction towards the Moving Averages in the short term. More: https://goo.gl/G7Z1KU

GBP/USD Daily Analytics 11:44 22.02.2018 The last "V-Top" pattern led to the current decline. However, the pair is likely going to test the 55 Moving Average. If a pullback from this line happens afterwards, there'll be a moment for another decline. There's a "V-Bottom" pattern, so the market is likely going to test the Moving Averages. Meanwhile, if we have a pullback from these lines, bears will probably try to reach the next support at 1.3835 - 1.3799. More: https://goo.gl/5XkZs7

EUR/USD Daily analytics 11:42 22.02.2018 All the Moving Averages have been broken, so the price is declining. At the same time, there's an opportunity to have a local upward correction towards the nearest resistance at 1.2296 - 1.2332. If a pullback from this area happens little later on, bears will probably try to achieve the next support at 1.2205. The price has been declining since the last "Pennant" pattern was broken. It's likely that the pair is going to test the Moving Averages, which could be a departure point for another decline. More: https://goo.gl/D25c5h

USD/JPY Daily Analytics 07:09 22.02.2018 Technical levels: support – 107.20; resistance – 108.00. Trade recommendations: Buy — 107.50/60; SL — 107.30; TP1 — 108.00; TP2 — 108.40. Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with the rising lines; the prices entered inside a Cloud and fixed up above Tenkan-sen. More: https://goo.gl/BRULmU

AUD/USD Daily Analytics 07:08 22.02.2018 Technical levels: support – 0.7770; resistance – 0.7820 Trade recommendations: Sell — 0.7820; SL — 0.7840; TP1 — 0.7770; TP2 — 0.7730. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the Bulls are breaking down the Cloud’s support and going to 2-week lows. More: https://goo.gl/uqh5Ex

USD/JPY Daily Analytics 06:29 22.02.2018 Recommendation: SELL 107.15 SL 107.70 TP1 106.60 TP2 105.35 TP2 103.20 On the daily chart, USD/JPY bulls managed to return the pair to the previous long-term consolidation range of 107.35-115.50. Father fate of the yen will depend on the results of the fight for 107.35. The necessary condition for the downtrend’s resumption is the pair’s decline below support at 106.60. On H1, USD/JPY formed several inside bars. This points at the uncertainty. To continue the decline bears have to keep the pair out of uptrend channel. More: https://goo.gl/KD6Ewv

EUR/JPY Daily Analytics 06:21 22.02.2018 Recommendation: SELL 132.25 SL 132.80 TP1 131.25 TP2 130.45 On the daily chart, EUR/JPY is slowly but surely moving 113% target of the “Shark” pattern. It settled below an important support at 132.2 (23.6% of the long-term bullish wave) and formed a bar with a long upper shadow – a sign that bears are serious. On H1 of EUR/JPY, sellers managed to reach targets of a triangle. If their rivals fail to return the pair inside this pattern, a pullback from resistance at 132.20-132.30 will be a signal for short positions. More: https://goo.gl/BsCsTU

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EUR/USD: "MORNING DOJI STAR" 14:15 21.02.2018 There's a bullish "Harami" at the last low, so the market is likely going to test the Moving Averages. If a pullback from these lines happens little later on, we could have another decline. We've got a "Morning Doji Star", so the pair is likely going to reach the 55 & 89 Moving Averages. If these lines act as resistance, we should keep an eye on the lower "Window" as the next bearish target. More: https://goo.gl/6NUqqn

USD/JPY: BEARISH "ENGULFING" 14:17 21.02.2018 There's a bearish "Engulfing", which has been formed on the upper "Window". So, we're likely going to have a local bearish correction. Anyway, bulls will probably try to reach the next "Window" afterwards. We've got bearish patterns such a "Tower" and a "Shooting Star". Therefore, the market is likely going to decline in the short term. More: https://goo.gl/1Q4uEx

USD/JPY Daily Analytics 14:17 21.02.2018 There's a bearish "Engulfing", which has been formed on the upper "Window". So, we're likely going to have a local bearish correction. Anyway, bulls will probably try to reach the next "Window" afterwards. We've got bearish patterns such a "Tower" and a "Shooting Star". Therefore, the market is likely going to decline in the short term. More: https://goo.gl/L7j3sy

EUR/USD: "MORNING DOJI STAR" 14:15 21.02.2018 There's a bullish "Harami" at the last low, so the market is likely going to test the Moving Averages. If a pullback from these lines happens little later on, we could have another decline. We've got a "Morning Doji Star", so the pair is likely going to reach the 55 & 89 Moving Averages. If these lines act as resistance, we should keep an eye on the lower "Window" as the next bearish target. More: https://goo.gl/1ZcHbm

GBP/USD Daily analytics 14:06 21.02.2018 The price is consolidating along the Moving Averages. The main intraday target is the next support at 1.3835. If a pullback from this level happens, there'll be a moment for a bullish price movement towards another resistance at 1.4011 - 1.4066. The pair has been declining since the last "V-Top" pattern formed. It's likely that the market is going to test the nearest support at 1.3875 - 1.3835 in the coming hours. More: https://goo.gl/d3Cskb

EUR/USD Daily Analytics 14:03 21.02.2018 The main trend is still bullish, but the pair is likely going to test the nearest support at 1.2275 - 1.2246. If a pullback from this area happens, there'll be a moment to have another upward price movement towards the next resistance at 1.2332 - 1.2384. The market went through the nearest support at 1.2325, so the price is declining. In this case, we should keep an eye on the next support at 1.2275, which could be a departure point for a bullish price movement. More: https://goo.gl/5fYq8X

IS THE EURO’S FALL SO DRAMATIC? 13:14 21.02.2018 The euro started falling since the last Friday, February 16 and of course, it happened not without reasons. There are some factors that are negatively affecting the fiber now. So let’s look at them and conclude how they can affect the EUR/USD pair in the future. First of all, the Euro is under the pressure because of a vote in Germany. Angela Merkel is waiting for the results of the potential coalition partner Social Democrats. Results of the vote will be announced only on March 4. If Angela Merkel is able to form a coalition, the euro will find a support, if not, so not. Another important event for the European Union and the euro will happen on March 4 as well – the Italian Parliamentary election. Coalition parties cannot agree on the issue whether Italy will be in the European Union or not. If opposition forms the majority in the government, it will shake the stability of the EU and the euro. So in accordance with results of the election, the euro will appreciate or fall. US dollar’s strengthening causes a further decrease of the euro. Today is the second day when the dollar index is rising after the crucial fall last week to the three-year lows. The increase of US Treasury yields helps the dollar to recover, too. So the more the US dollar strengthens its positions, the more the euro falls. Today manufacturing PMI and services PMI data put more pressure on the fiber and proved its decline. Both figures appeared less than previous ones and even less than forecasts. The PMI is a leading indicator of the economic growth, so traders highly take it into consideration. So the euro has continued to fall. However, the picture is not so dramatic. Despite the fact that Eurozone business growth lost some points in February, it still remains strong and anticipated to return its positions soon. According to the report, the European economy is expanding at the fastest pace in eight years. It means that the economic growth is on a quite good level, that will give reasons to the ECB to raise interest rates. Another fact that can make the future of the euro more positive is the whole picture of the currency movement. If we look at the daily chart, we will see that the position of the euro is not so bad. The pair is almost repeating movements of the end of January – beginning of February. So the EUR/USD pair is moving in the trading channel with a resistance at 1.2520 and a support at 1.2210. Also, we can see the main upward trend since the middle of December 2017. More: https://goo.gl/w7UBMr

GBP/USD Daily analytics 06:58 21.02.2018 Technical levels: support – 1.3980, 1.3880; resistance – 1.4020, 1.4100. Trade recommendations: Sell — 1.3970; SL — 1.3990; TP1 — 1.3880; TP2 — 1.3810. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen and falling Tenkan-sen; the prices are on the Kijun’s support, but the Bears may breaking down it. More: https://goo.gl/c9zurz

EUR/USD Daily Analytics 06:56 21.02.2018 Technical levels: support – 1.2290; resistance – 1.2380. Trade recommendations: Buy — 1.2290; SL — 1.2270; TP1 — 1.2380; TP2 — 1.2450 Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are entered into the negative area, but there is a strong support on 1.2290. More: https://goo.gl/W1vjAN

GBP/USD Daily Analytics 06:40 21.02.2018 Recommendation: SELL 1.4080 SL 1.4135 TP1 1.3980 TP2 1.3845 TP3 1.3690 SELL 1.3935 SL 1.3990 TP1 1.3845 TP2 1.3690 TP3 1.3555 On the daily chart of GBP/USD, the inability of bulls to settle above an important level of 1.4050 points at their weakness. A successful test of the lower border of the short-term uptrend channel will increase the risks of the pair going to 88.6% target of the “Bat”. On H1, GBP/USD has reached the target of the “Wolfe waves” pattern. A break of support at 1.3935 or the recoil down from the upper border of the descending channel will open the way down for bears. More: https://goo.gl/g4f9fM

USD/CHF Daily Analytics 06:34 21.02.2018 Recommendation: BUY 0.9410 SL 0.9355 TP1 0.9510 TP2 0.9590 On the daily chart of USD/CHF, bulls are trying to counterattack and trigger the “Shark” pattern. Its 88.6% target is near 0.9775. As there’s a distinct downtrend, we doubt in the pair’s ability to rise to this level, though everything is possible. On H1, if USD/CHF exits the downtrend channel and breaks above resistance at 0.9410 with the following activation of the “Shark” pattern, the odds of advance to 0.9590 will increase. More: https://goo.gl/XeC5FS

USD/CHF Daily Analytics 06:34 21.02.2018 Recommendation: BUY 0.9410 SL 0.9355 TP1 0.9510 TP2 0.9590 On the daily chart of USD/CHF, bulls are trying to counterattack and trigger the “Shark” pattern. Its 88.6% target is near 0.9775. As there’s a distinct downtrend, we doubt in the pair’s ability to rise to this level, though everything is possible. On H1, if USD/CHF exits the downtrend channel and breaks above resistance at 0.9410 with the following activation of the “Shark” pattern, the odds of advance to 0.9590 will increase. More: https://goo.gl/XeC5FS

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Important Economic Events The Bank of England’s Governor and several members of the Monetary Policy Committee will testify on inflation and economic outlook before the Parliament’s Treasury Committee at 12:00 MT time on February 20. This event can get the GBP in motion. Any direct comments about the currency market will be especially critical. The hearings should give traders some clues about the central bank’s future monetary policy. Follow this event on the FBS Economic Calendar https://goo.gl/1W2EnS