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June 29th, 2017 @ 3:43 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bullish momentum yesterday topped at 1.1390 and hit 1.1419 earlier today in Asian session. The bias remains bullish in nearest term testing 1.1425. A clear break above that area could trigger further bullish pressure testing 1.1500 region before targeting 1.1615 area. Immediate support is seen around 1.1350. A clear break below that area could lead price to neutral zone in nearest term testing 1.1300 – 1.1285 region but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.

eurusddaily

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June 29th, 2017 @ 3:42 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday topped at 1.2971. The bias remains bullish in nearest term testing 1.3050. Immediate support is seen around 1.2915. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 1.2815 price is still in a bullish phase and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.3050 would activate my bullish mode.

gbpusdh4

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June 29th, 2017 @ 3:39 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. Price attempted to push lower, bottomed at 111.83 but whipsawed to the upside and closed higher at 112.32. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 113.00 region. Immediate support is seen around 111.78/45 area. A clear break back below that area could lead price to neutral zone in nearest term but as long as stay above 110.65 price is still in a bullish phase. On the upside, a clear break and daily close above 113.00 would expose 114.30 region.

usdjpy4h

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June 29th, 2017 @ 3:38 am by Setyo Wibowo

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USDCHF Forecast    
The USDCHF attempted to push higher yesterday topped at 0.9647 but closed lower at 0.9597. The bias remains bearish in nearest term testing 0.9550 – 0.9500 area. However, from a daily chart perspective as you can see on my daily chart below, 0.9550 – 0.9450 region is a major support area, which is a good place to buy. Immediate resistance is seen around 0.9647 (yesterday’s high). A clear break above that area would interrupt the bearish phase testing 0.9765 region.

usdchfdaily

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June 28th, 2017 @ 4:08 pm by Muhammad Azeem

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6-28-2017 8-26-27 PM

The trend is bullish in EUR/USD currency pair, 15 minutes time frame. As I have suggested few hours ago, the price of EUR/USD pair is going to drop now on a short-term basis to print a corrective bearish Zig Zag wave (ii) pattern and traders should look for a sell trade. Strong key support level is present at 1.1291 price level.
In my judgment, price action in EUR/USD currency pair is now going drop more to complete the bearish pullback – wave a, b and c Zig Zag leg. Based on Elliott wave analysis, the decline in price action looks like a Bearish Zig Zag Elliott Wave pattern. So, I expect the market to resume the up-trend after completing bearish wave (ii) leg.
Currently, bearish wave (ii) Zig Zag leg looks in-complete. So, first wait outside of the market and allow price action to drop more. Next, look for a possible Long trading chance to join an up-trend. However; if the price of EUR/USD breaks below 1.1291 vital support level then up trend is going to end. In such a market scenario, it would be best not to trade the market and re-analyze the EUR/USD fifteen minutes chart.

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June 28th, 2017 @ 3:47 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a significant bullish momentum yesterday broke above 1.1285 key resistance, topped at 1.1349 and hit 1.1355 earlier today in Asian session. This fact ends the bearish correction phase. The bias is bullish in nearest term testing 1.1425 area. Immediate support is seen around 1.1305 – 1.1285. A clear break back below that area could lead price to neutral zone in nearest term but as long as stay above 1.1080 key support I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.1425 would expose 1.1615 region.

eurusddaily

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June 28th, 2017 @ 3:46 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.2859 but closed a little bit lower at 1.2812. The bias is bullish in nearest term testing 1.2900 area or higher. However, we have a bearish pin bar as you can see on my H4 chart below, suggest a potential bearish view. It’s better to wait for a clear break above 1.2859 to buy this pair, targeting 1.3000 – 1.3050 region. Immediate support is seen around 1.2775. A clear break below that area could lead price to neutral zone in nearest term but would give further confirmation to the bearish pin bar scenario testing 1.2700 region. Overall I remain neutral.

gbpusdh4

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June 28th, 2017 @ 3:44 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 111.46 but whipsawed to the upside and closed higher at 112.34. The bias is bullish in nearest term testing 113.00 region. Immediate support is seen around 111.78/45 area. A clear break back below that area could lead price to neutral zone in nearest term but as long as stay above 110.65 price is still in a bullish phase. On the upside, a clear break and daily close above 113.00 would expose 114.30 region. Overall I remain neutral.

usdjpy4h

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