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July 29th, 2016 @ 2:40 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.1119 but closed lower at 1.1074. The bias is neutral in nearest term probably with a little bearish bias testing 1.1000 support area. Immediate resistance is seen around 1.1119. A clear break above that area could trigger further bullish pressure testing 1.1200 key resistance which is a good place to sell with a tight stop loss. As long as stay below 1.1200 I remain bearish targeting 1.0700.

eurusddaily

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July 29th, 2016 @ 2:36 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD failed to continue its bullish momentum yesterday bottomed at 1.3117 but traded higher earlier today in Asian session hit 1.3192. The bias is neutral in nearest term. Key support is seen around 1.3100 – 1.3050. A clear break and daily/weekly close below that area could trigger further bearish pressure testing 1.3000 – 1.2900 or lower next week. Immediate resistance is seen around 1.3250. A clear break and daily/weekly close above that area could trigger further bullish pressure next week testing 1.3330 – 1.3480, which is a good area to sell. My major technical outlook remains bearish.

gbpusdh1

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July 29th, 2016 @ 2:29 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum earlier today in Asian session, slipped below 103.50 support area as you can see on my H1 chart below but traded higher around 104.00 at the time I wrote this comment. The bias is bearish in nearest term retesting 103.50. A clear break and daily/weekly close below that area could trigger further bearish pressure next week testing 101.50. Immediate resistance is seen around 104.60. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear but overall I remain bearish.

usdjpyhourly

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July 29th, 2016 @ 2:16 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday broke below the minor bullish channel as you can see on my daily chart below. The bias is bearish in nearest term testing 0.9670. Immediate resistance is seen around 0.9820. A clear break above that area could lead price to neutral zone in nearest term testing 0.9900 region. My major technical outlook remains neutral.

usdchfdaily

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July 29th, 2016 @ 2:05 am by William Gilday

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Screen Shot 2016-07-29 at 09.00.12

Hello traders we look at this pair the AUDUSD as we cn see it had an up day and it looks to continue.I like that it is approaching the resistance of the R1 pivot point and a great place to look for the sell entry, and yes I am Bias bearish. I would like to enter this at the price of 0.7540 with a nice bearish candle. I am looking to take profit at the support at price of 0.7426.

Thank you traders and we will talk soon ……..William

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July 28th, 2016 @ 7:15 pm by Muhammad Azeem

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7-29-2016 12-09-32 AMHello Traders

This is an update about USD/CHF 1 hour chart sell trade setup.

Trend is down in 1 hour chart. Key resistance level is present at 0.9950 price level. In last few trading days, USD/CHF currency pair is sliding down in a corrective wave pattern.

The bearish leg is Wave A. Now, I do expect a bullish leg – Wave B which offers a possible sell trade setup in coming trading days.

As the trend is still bearish and we should only look for short trades. However; a bullish break down in market action above 0.9950 price level will fail bearish Elliott wave forecast and in such case; I would prefer to stay out of the market and re-analyze price action in USD/CHF 1 hour time frame.

See the attached screen shot image of USD/CHF 1 hour chart

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July 28th, 2016 @ 5:37 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bullish momentum yesterday topped at 1.1065 and hit 1.1076 earlier today in Asian session. This is not what I had expected but as long as stay below 1.1200 I still prefer a bearish scenario. The bias is bullish in nearest term testing 1.1100 – 1.1200. Immediate support is seen around 1.1025. A clear break below that area could lead price to neutral zone in nearest term testing 1.0950 region.

eurusddaily

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July 28th, 2016 @ 5:35 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday after another failure to make a clear break below 1.3100 key support as you can see on my H1 chart below. The bias is bullish in nearest term testing 1.3300 area but overall I still prefer a bearish scenario and any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 1.3170. A clear break below that area could lead price to neutral zone in nearest term retesting 1.3100.

gbpusdh1

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