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February 27th, 2017 @ 1:57 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push higher last week topped at 113.77 but closed lower at 112.12 and hit 111.91 earlier today in Asian session. The bias remains bearish in nearest term testing 111.30. A clear break and daily close below that area would expose 110.20 area. Immediate resistance is seen around 112.50. A clear break above that area could lead price to neutral zone in nearest term testing 113.00 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

usdjpy4h

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February 27th, 2017 @ 1:54 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push higher last week topped at 1.0140 but closed lower at 1.0080. The bias is neutral in nearest term probably with a little bullish bias retesting 1.0140. Immediate support is seen around 1.0050, but key support is seen at the lower line of my bullish channel located around 1.0000 area which is a good place to buy with a tight stop loss. Overall I remain neutral.

usdchfh4

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February 24th, 2017 @ 9:23 pm by Muhammad Azeem

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2-25-2017 2-10-01 AMTrend is bearish in EUR/JPY currency pair in 4 hours time frame. Short term resistance is present at 121.32 price level. Based on Elliott wave analysis, we got a bearish Zig Zag pattern.

I expect, price of EUR/JPY currency pair to continue the decline towards 117.50 price level in coming trading days. A good idea is to look for a sell trade and join the down trend to ride and trade bearish Wave c leg.

However; if price of EUR/JPY currency pair goes above 121.32 critical resistance level then down trend is going to end. In such a market scenario, it would be best not to trade the market and re-analyze the EUR/JPY 4 hours chart.

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February 24th, 2017 @ 4:13 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a moderate bullish momentum yesterday topped at 1.0595. The bias is bullish in nearest term testing a trend line resistance as you can see on my H1 chart below located around 1.0610 area, which is a good place to sell with a tight stop loss as a clear break above that area would expose 1.0680 region. Immediate support is seen around 1.0550. A clear break below that area could lead price to neutral zone in nearest term testing 1.0500 support area. A clear break and daily/weekly close below 1.0500 would expose 1.0350 region next week. Overall I remain neutral.

eurusdhourly

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February 24th, 2017 @ 4:06 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.2560. The bias is bullish in nearest term testing 1.2580 area which is a good place to sell with a tight stop loss as a clear break above that area would expose 1.2650 – 1.2700 region. Immediate support is seen around 1.2520. A clear break below that area could lead price to neutral zone in nearest term testing 1.2475 area or lower. Overall I remain neutral.

gbpusdh1

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February 24th, 2017 @ 3:54 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 112.55. The bias is bearish in nearest term testing 112.00 – 111.70 area. Immediate resistance is seen around 113.00. A clear break above that area could lead price to neutral zone in nearest term testing 113.50 or higher but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

usdjpy4h

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February 24th, 2017 @ 3:50 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 1.0053. The bias is bearish in nearest term testing 1.0000 and the lower line of my bullish channel as you can see on my H4 chart below which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0080. A clear break above that area could lead price to neutral zone in nearest term retesting 1.0140 area. Overall I remain neutral.

usdchfh4

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February 23rd, 2017 @ 2:29 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push lower yesterday bottomed at 1.0493 but closed higher at 1.0557. The bias is neutral in nearest term probably with a little bullish bias testing 1.0600/20 area. Immediate support is seen around 1.0520/00 which remains a good place to buy with a tight stop loss as a clear break and daily close below that area would expose 1.0400 – 1.0350 region. On the upside, a clear break and daily close above 1.0600 would expose 1.0680 – 1.0700 area. Overall I remain neutral.

eurusdh4

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