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2014 May

May 23rd, 2014 @ 2:31 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had a bullish momentum yesterday and hit 101.84 earlier today after bounced from 100.80 support area. The bias is bullish in nearest term testing 102.20/50. A clear break above that area could create a false breakdown bullish scenario, targeting 103.75 or higher. Immediate support is seen around 101.50. A clear break below that area could lead price to neutral zone in nearest term retesting 100.80 support area.

usdjpydaily

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May 23rd, 2014 @ 2:26 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term but overall price is still able to maintain its bullish bias challenging 0.8950. A clear break and consistent movement above that area could trigger further bullish pressure testing 0.9000 or higher.  Immediate support remains around 0.8920. A clear break below that area could trigger further bearish pressure testing 0.8870.

usdchfhourly

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May 22nd, 2014 @ 2:18 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD slipped below the daily EMA 200 and 1.3650 support area yesterday, but closed higher and still unable to move consistently below the key support. The bias remains neutral in nearest term, probably with a little bearish bias retesting 1.3650. A clear break and daily close below that area could trigger further bearish pressure at least testing 1.3500. Immediate resistance is seen around 1.3720 followed by 1.3775.

eurusddaily

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May 22nd, 2014 @ 2:15 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD had a bullish momentum yesterday topped at 1.6920. Price is moving inside a bullish channel as you can see on my hourly chart below. The bias is bullish in nearest term testing 1.7000. Immediate support is seen around 1.6850. 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 22nd, 2014 @ 2:11 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY attempted to push lower yesterday, hit 100.80 but whipsawed to the upside, closed higher and hit 101.48 earlier today. The bias is neutral in nearest term, probably with a little bearish bias. Immediate support is seen around 101.30. A clear break below that area could trigger further bearish pressure retesting 100.80 or lower. Immediate resistance is seen around 101.60. A clear break above that area could trigger further bullish presure testing 102.00.

usdjpydaily

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May 22nd, 2014 @ 2:08 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF was indecisive yesterday. Price slipped above 0.8950 but again, unable to move consistently above that area so far. The bias is neutral in nearest term probably with a little bullish bias retesting 0.8950 key resistance area, which need to be clearly broken to the upside to continue the bullish scenario testing 0.9000 or higher.  Immediate support is seen around 0.8920. A clear break below that area could trigger further bearish pressure testing 0.8870.

usdchfhourly

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May 21st, 2014 @ 2:57 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. The daily EMA 200 still provide a good and strong support but in general price is still making lower highs and lows since failed to break above 1.4000. Important intraday range to be closely watched remains between 1.3775 – 1.3650. A clear break above 1.3775 could trigger further bullish pressure testing 1.3850 – 1.3900. On the other hand, a clear break below 1.3650 (daily EMA 200) could trigger further bearish scenario at least testing 1.3500.

eurusddaily

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May 21st, 2014 @ 2:53 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD slipped above 1.6850 yesterday but still unable to move consistently above that area so far. The bias remains neutral in nearest term, probably with a little bullish bias testing 1.6900 or higher. Immediate support remains around 1.6785. A clear break below that area could trigger further bearish pressure testing 1.6730/00.

gbpusddaily

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