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December 18th, 2017 @ 5:05 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive last week printed a bearish pin bar on weekly chart. Price attempted to push higher slipped above 1.1850 resistance but closed lower at 1.1750. This false breakout is consistent with the bearish view after broke below the bullish channel as you can see on my H1 chart below. The bias is bearish in nearest term testing 1.1690. Immediate resistance is seen around 1.1775 area. A clear break above that area could lead price to neutral zone in nearest term testing 1.1815 – 1.1850 region which is a good place to sell with a tight stop loss above 1.1850. On the downside, a clear break and daily close below 1.1690 would expose 1.5550 region. Overall I remain neutral.

eurusdhourly

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December 18th, 2017 @ 5:02 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push higher last week topped at 1.3465 but closed lower at 1.3321. The bias is bearish in nearest term but note that 1.3330 support area is a good support which need to be clearly broken to downside to continue the bearish pressure testing 1.3220 and the trend line support as you can see on my daily chart below which is a good place to buy. Immediate resistance is seen around 1.3360. A clear break above that area could lead price to neutral zone in nearest term testing 1.3400 area. Overall I remain bullish.

gbpusddaily

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December 18th, 2017 @ 5:01 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum last week bottomed at 112.03 but closed higher at 112.61 and hit 112.83 earlier today in Asian session. The bias is neutral in nearest term but as long as stay below 113.20 I still prefer a bearish scenario at this phase as a part of the bearish scenario after broke below the trend line support as you can see on my H1 chart below with nearest target seen at 111.65. Overall I remain neutral.

usdjpyhourly

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December 18th, 2017 @ 4:58 am by Setyo Wibowo

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USDCHF Forecast    
The USDCHF was indecisive last week. Price attempted to push lower bottomed at 0.9840 but closed higher at 0.9903. The bias is neutral in nearest term. Price broke above the bearish channel as you can see on my H1 chart below which invalidates the bearish phase but I am not bullish on this pair on any time frame. Immediate support is seen around 0.9870. A clear break and daily close below that area could trigger further bearish pressure testing 0.9818 area. Immediate resistance is seen around 0.9940. A clear break and daily close above that area would expose 1.0000 – 1.0037 region. Overall I remain neutral.

usdchfhourly

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December 15th, 2017 @ 2:24 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push higher yesterday slipped above 1.1850 resistance area but whipsawed to the downside and closed lower at 1.1777. This false breakout keeps the bearish phase remain valid. The bias is bearish in nearest especially if price able to make a clear break below 1.1750 testing 1.1690 region. Immediate resistance is seen around 1.1815. A clear break above that area could lead price to neutral zone in nearest term retesting 1.1850 region which remains a good place to sell with a tight stop loss as a clear break and daily close above that area would expose 1.1960 or higher. Overall I remain neutral.

eurusdhourly

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December 15th, 2017 @ 2:22 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday printed a Doji on daily chart. The bias is neutral in nearest term. Immediate resistance is seen around 1.3465. A clear break above that area could trigger further bullish pressure testing 1.3500 – 1.3520 region. Immediate support is seen around 1.3390. A clear break below that area could trigger further bearish pressure testing 1.3330 support area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.

gbpusddaily

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December 15th, 2017 @ 2:20 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday but fell below the trend line support as you can see on my H1 chart below suggests a bearish view. The bias is bearish in nearest term testing 111.65 region. Immediate resistance is seen around 112.50/85. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. On the downside, a clear break and daily/weekly close below 111.65 would expose 110.80/65 region next week. Overall I remain neutral.

usdjpyhourly

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December 15th, 2017 @ 2:17 am by Setyo Wibowo

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USDCHF Forecast    
The USDCHF failed to continue its bearish momentum yesterday topped at 0.9904. Price is moving inside a bearish channel as you can see on my H1 chart below suggests a bearish phase but the bias is bullish in nearest term testing 0.9910 – 0.9940 resistance area which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9870. A clear break below that area could lead price to neutral zone in nearest term testing 0.9818 area. Overall I remain neutral.

usdchfhourly

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