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2017 May

May 31st, 2017 @ 3:49 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push lower yesterday bottomed at 1.1109 but whipsawed to the upside and closed higher at 1.1184. The bias is neutral in nearest term probably with a little bullish bias testing a trend line resistance and 1.1215 area as you can see on my H1 chart below. A clear break above that area could trigger further bullish pressure testing 1.1265 key resistance. Immediate support is seen around 1.1160. A clear break below that area could trigger further bearish pressure testing 1.1110 – 1.1080 support area which is a good place to buy with a tight stop loss. Overall I remain bullish and only a clear break back below 1.1080 would interrupt the bullish outlook.

eurusdhourly

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May 31st, 2017 @ 3:47 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. The bullish outlook should remain valid with key support seen around 1.2780 which remains a good place to buy with a tight stop loss as a clear break below that area would expose 1.2700 – 1.2670 or lower. Immediate resistance is seen around 1.2850 but only a clear break at least above 1.2900 would interrupt the bearish correction phase after broke below the trend line support as you can see on my H1 chart below.

gbpusdh1

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May 31st, 2017 @ 3:37 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a moderate bearish momentum yesterday bottomed at 110.66 but traded higher earlier today in Asian session hit 111.22. The bias is neutral in nearest term but as long as stay below the trend line resistance and 112.00 I remain bearish targeting 108.00 region. Immediate support is seen around 110.75. A clear break below that area could trigger further bearish pressure testing 110.00 area. On the upside, a clear break and daily close above 112.00 would activate my wait and see mode as direction would become unclear.

usdjpy4h

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May 31st, 2017 @ 3:36 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push higher yesterday topped at 0.9807 but whipsawed to the downside and closed lower at 0.9746. The bias is neutral in nearest term probably with a little bearish bias testing 0.9695 key support (double bottom). Immediate resistance is seen around 0.9815 which remains a good place to sell with a tight stop loss as a clear break above that area would give further confirmation to the double bottom bullish scenario with nearest target seen around 0.9900.

usdchfh4

 

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May 30th, 2017 @ 2:50 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday but traded lower earlier today in Asian session, slipped below the H1 EMA 200 as you can see on my H1 chart below, hit 1.1122. The bias is bearish in nearest term testing 1.1080 support area which remains a good place to buy with a tight stop loss as a clear break and daily close below that area would expose 1.0950 region. Immediate resistance is seen around 1.1160 (H1 EMA 200). A clear break and daily close above that area could trigger further bullish pressure testing 1.1200 – 1.1265 resistance area. I still prefer a bullish scenario at this phase but a clear break and daily close below 1.1080 would activate my wait and see mode.

eurusdhourly

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May 30th, 2017 @ 2:49 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.2850 but traded lower earlier today in Asian session slipped below 1.2800. The bias remains bearish in nearest term testing 1.2780 support area which remains a good place to buy with a tight stop loss as a clear break below that area would expose 1.2700 – 1.2670 or lower. Immediate resistance is seen around 1.2850. A clear break above that area could lead price to neutral zone in nearest term testing 1.2900/25 resistance area.

gbpusdh1

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May 30th, 2017 @ 2:48 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday but traded lower earlier today in Asian session hit 110.77. The bias is bearish in nearest term testing 110.25/00 region. A clear break and daily close below that area would expose 108.00 area this week. Immediate resistance is seen around 111.30. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below the trend line resistance and 112.00 key resistance I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

usdjpy4h

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May 30th, 2017 @ 2:45 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a moderate bullish momentum yesterday and hit 0.9794 earlier today in Asian session. The bias is bullish in nearest term testing 0.9815 area which is a good place to sell with a tight stop loss as a clear break above that area would give further confirmation to the double bottom bullish scenario (see my H4 chart below)with nearest target seen around 0.9900. Immediate support is seen around 0.9765. A clear break below that area could lead price to neutral zone in nearest term testing 0.9695 key support area.

usdchfh4

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