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2014 May

May 29th, 2014 @ 1:29 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF continued its bullish momentum yesterday hit another new daily high at 0.8989. The bias remains bullish in nearest term testing 0.9000 psychological level. A clear break above that area could trigger further bullish scenario testing 0.9100 or higher. Immediate support remains around 0.8920. A clear break below that area could trigger further bearish pressure testing 0.8870 but overall I prefer a bullish scenario at this phase.

usdchfhourly

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May 28th, 2014 @ 2:27 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD was indecisive yesterday. The bias remains neutral in nearest term. Immediate support is seen around 1.3610. A clear break below that area could trigger further bearish pressure testing 1.3550 – 1.3500. Immediate resistance is seen around 1.3650. A clear break above that area could trigger further bullish pressure testing 1.3700 – 1.3720.

eurusddaily

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May 28th, 2014 @ 2:24 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD attempted to push higher yesterday topped at 1.6881 but closed lower at 1.6806. The  bias is neutral in nearest term. Price is moving inside a triangle as you can see on my hourly chart below suggests a consolidation phase. Immediate support is seen around 1.6750 – 1.6730. A clear break below that area could trigger further bearish scenario. On the upside, key intraday resistance is seen around 1.6900. A clear break and daily close above that area would open the door for further bullish scenario testing 1.7000 psychological level.

gbpusdh1

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May 28th, 2014 @ 2:19 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate support is seen around 101.80. A clear break below that area could trigger further bearish pressure testing 101.30, but key support remains around 100.80. Immediate resistance remains around 102.00. A clear break above that area could trigger further bullish pressure testing 102.50 or higher.

usdjpydaily

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May 28th, 2014 @ 2:12 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF continued its bullish momentum yesterday hit a new daily high at 0.8980. The bias is bullish in nearest term testing 0.9000 psychological level. A clear break above that area could trigger further bullish scenario testing 0.9100 or higher. Immediate support remains around 0.8920. A clear break below that area could trigger further bearish pressure testing 0.8870 or lower.

usdchfhourly

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May 27th, 2014 @ 2:20 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD had a bullish momentum yesterday and hit 1.3667 earlier today. The bias is neutral in nearest term, probably with a little bullish bias testing 1.3720 – 1.3775 resistance area. Immediate support is seen around 1.3640. A clear break below that area could trigger further bearish pressure testing 1.3600. On the upside, a consistent movement above 1.3700  – 1.3750 could create a false breakdown bullish scenario challenging 1.4000 psychological level.

eurusddaily

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May 27th, 2014 @ 2:16 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD was indecisive yesterday but moving higher earlier today hit 1.6867. The bias is bullish in nearest term testing the trend line resistance as you can see on my hourly chart below and 1.6900 – 1.6920. A clear break and daily close above that area would open the door for further bullish scenario testing 1.7000 psychological level. Immediate support is seen around 1.6840. A clear break below that area could lead price to neutral zone in nearest term testing 1.6800 or lower.

gbpusdh1

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May 27th, 2014 @ 2:10 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY was indecisive yesterday. The bias is neutral in nearest term, probably with a little bearish bias especially if price able to break below 101.80 testing 101.30, but key support remains around 100.80. Immediate resistance is seen around 102.00. A clear break above that area could trigger further bullish pressure testing 102.50 or higher.

usdjpydaily

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