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2014 May

May 15th, 2014 @ 2:32 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had a bearish momentum yesterday and hit 101.65 earlier today. The bias is bearish in nearest term and price is now retesting the trend line support as you can see on my daily chart below. A clear break and daily close below the trend line support and 101.30 would be a threat to the major bullish scenario. Immediate resistance is seen around 102.00. A clear break above that area could lead price to neutral zone in nearest term testing 102.50 or higher.

usdjpydaily

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May 15th, 2014 @ 2:26 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF didn’t make significant movement yesterday but overall still able to maintain its bullish intraday bias so far. The bias remains bullish in nearest term testing 0.8950. Immediate support remains around 0.8870. A clear break below that area could lead price to neutral zone in nearest term testing 0.8830/00.

usdchfhourly

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May 14th, 2014 @ 4:00 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD continued its bearish momentum yesterday bottomed at 1.3687. The bias remains bearish in nearet term. We have a key support around 1.3650 (daily EMA 200). A clear break and daily close below that area could trigger further bearish scenario at least testing 1.3500. Immediate resistance is seen around 1.3730. A clear break above that area could lead price to neutral zone in nearest term testing 1.3775 – 1.3800.

eurusdhourly

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May 14th, 2014 @ 3:57 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD had a bearish momentum yesterday but still unable to move consistently below 1.6820 so far. The bias remains bearish in nearest term. A clear break and daily close below 1.6820 – 1.6770 would be a threat to the major bullish scenario. Immediate resistance remains around 1.6900. A clear break above that area could lead price to neutral zone in nearest term testing 1.6950 – 1.7000.

gbpusddaily

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May 14th, 2014 @ 3:54 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY didn’t make significant movement yesterday but overall still able to maintain its bullish intraday bias and keep moving away from the trend line support. The bias remains bullish in nearest term testing 102.50 – 103.00. Immediate support remains around 102.00. A clear break below that area could lead price to neutral zone in nearest term. As long as stays above the trend line support and 101.30 the major bullish scenario remains valid.

usdjpydaily

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May 14th, 2014 @ 3:49 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF continued its bullish momentum yesterday topped at 0.8907. The bias remains bullish in nearest term testing 0.8950. Immediate support is seen around 0.8870. A clear break below that area could lead price to neutral zone in nearest term testing 0.8830/00.

usdchfhourly

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May 13th, 2014 @ 3:59 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term especially if price able to make a clear break below 1.3750 testing 1.3670 or lower this week. Immediate resistance remains around 1.3780. A clear break above that area could lead price to neutral zone in nearest term testing 1.3850.

eurusdhourly

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May 13th, 2014 @ 3:53 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD was indecisive yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.6820 – 1.6770. A clear break and daily close below that area would be a threat to the major bullish scenario. Immediate resistance remains around 1.6900. A clear break above that area could lead price to neutral zone in nearest term testing 1.6950 – 1.7000.

gbpusddaily

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