Daily analysis of major pairs for February 22, 2018

EUR/USD: A bearish signal has been generated on the EUR/USD, which has been going downwards since last Friday. The EMA 11 is below the EMA 56, and the Williams' % Range period 20 is in the oversold region. While there may be temporary rallies, the market is bound to go further downwards.

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USD/CHF: A bullish signal has been generated on the USD/CHF, which has been upwards since last Friday. The EMA 11 is above the EMA 56, and the Williams' % Range period 20 is in the overbought region. While there may be temporary dips, the market is bound to go further upwards.

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GBP/USD: A new "sell" signal has already been generated on the Cable. There is a Bearish Confirmation Pattern in the chart, which means further downwards journey is a possibility. Some fundamental figures are expected today, and they may have an impact on the markets. They may also aid the existing short-term bearishness on the Cable.

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USD/JPY: This USD/JPY has been going upwards in the context of a downtrend. About 200 pips has been gained since last Friday – and the bias could turn bullish when the supply level at 108.00 is breached to the upside. The market is currently hovering around the supply level at 107.50, and it may go upwards from here.

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EUR/JPY: After consolidating for a few days this week, the EUR/JPY broke southwards in the context of a downtrend. The price is now below the supply zone at 132.00, going towards the demand zone at 131.50. Once that zone is breached, the next target would be the demand zone at 131.00.

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