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2014 December

December 31st, 2014 @ 1:25 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD was indecisive yesterday. The bias remains bearish in nearest term testing 1.2100 or lower. Immediate resistance remains around 1.2215. A clear break above that area could lead price to neutral zone in nearest term testing 1.2300 but any upside pullback now is normal and should be seen as a good opportunity to sell.

eurusdhourly

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December 31st, 2014 @ 1:18 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD failed to continue its bearish momentum yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 1.5585. A clear break above that area could trigger further bullish pressure testing 1.5610 – 1.5650 but overall I still prefer a bearish scenario at this phase and any upside pullback now should be seen as a corrective movement and good opportunity to sell. Immediate support is seen around 1.5540. A clear break below that area could trigger further bearish pressure testing 1.5500 – 1.5485 region.

gbpusdh1

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December 31st, 2014 @ 1:15 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had a bearish momentum yesterday bottomed at 118.85 but closed higher at 119.44. The bias is bearish in nearest term testing 118.25 region. Immediate resistance is seen around 120.00. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. My major technical outlook is neutral.

usdjpyhourly

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December 31st, 2014 @ 1:10 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF was indecisive yesterday. The bias remains bullish in nearest term testing 0.9930 – 1.000 region. Immediate support remains around 0.9850. A clear break below that area could lead price to neutral zone in nearest term testing 0.9785 but overall I remain bullish any downside pullback now should be seen as a good opportunity to buy.

usdchfhourly

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December 30th, 2014 @ 8:38 pm by Muhammad Azeem

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eur-gbpYesterday, the price of EUR/GBP tried to rise and then fall. The trend is now bearish in 1 hour time frame. The intraday resistance could be seen at the price level of 0.7952. I would be probably looking for short trades, as long as trend remains bearish. Bearish price action looks a bit weak and slow, price is heading, down. If bullish candlestick closes above 0.7952 critical resistance level then down trend is going to end. Hence, I might like to stay out of the market and re-examine the price chart.

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December 30th, 2014 @ 12:54 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD attempted to push higher yesterday slipped above 1.2215 but failed to move consistently above that resistance and closed lower at 1.2150. The bias remains bearish in nearest term testing 1.2100 or lower. Immediate resistance remains around 1.2215. A clear break above that area could lead price to neutral zone in nearest term testing 1.2300 but overall I remain bearish and any upside pullback now should be seen as a corrective movement and good opportunity to sell with nearest weekly target seen around 1.2000 area.

eurusdhourly

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December 30th, 2014 @ 12:41 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD had a bearish momentum yesterday bottomed at 1.5506. The bias is bearish in nearest term testing 1.5450 – 1.5400 region. Immediate resistance is seen around 1.5540. A clear break above that area could lead price to neutral zone in nearest term testing 1.5610 but any upside pullback now should be seen as a good opportunity to sell.

gbpusdh1

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December 30th, 2014 @ 12:32 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 121.00 – 121.83 area. Immediate support is seen around 120.00. A clear break below that area could lead price to neutral zone in nearest term testing 119.50 or lower.

usdjpyhourly

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