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2017 July

July 31st, 2017 @ 2:51 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bullish momentum last week topped at 1.1776. The bias is bullish in nearest term. We have an inside bar formation as you can see on my daily chart below. I am expecting a breakout above the “mother bar” targeting 1.1875 – 1.2000 area this week. On the downside, a clear break below the “mother bar” (1.1650) could trigger further bearish correction testing 1.1580 region which is a good place to buy with a tight stop loss as a clear break and daily close below 1.1580 would interrupt the bullish trend and activate my neutral mode.

eurusddaily

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July 31st, 2017 @ 2:50 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum last week topped at 1.3159. Price is still moving convincingly above the EMA 200 and the trend line support as you can see on my H1 chart below suggests a valid bullish trend. The bias is bullish in nearest term testing 1.3200 area before targeting 1.3350 region this week. Immediate support is seen around 1.3100. A clear break below that area could lead price to neutral zone in nearest term testing 1.3050 – 1.3000 support area which is a good place to buy with a tight stop loss below 1.3000.

gbpusdh1

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July 31st, 2017 @ 2:49 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push higher last week topped at 112.19 but whipsawed to the downside and closed lower at 110.72 and hit 110.30 earlier today in Asian session. The bias is bearish in nearest term testing a trend line support as you can see on my daily chart below, located around 109.50/00 region which is a good place to buy with a tight stop loss. Immediate resistance is seen around 110.80. A clear break above that area could lead price to neutral zone in nearest term testing 111.30 but only a clear break back above 112.19 could interrupt the current bearish phase. Overall I remain neutral.

usdjpydaily

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July 31st, 2017 @ 2:48 am by Setyo Wibowo

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USDCHF Forecast    
The USDCHF had a strong bullish momentum last week topped at 0.9726. The bias is bullish in nearest term especially if price able to stay consistently above 0.9700 targeting 0.9765 – 0.9807 key resistance area which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9620. A clear break below that area could lead price to neutral zone in nearest term testing 0.9550 region which need to be clearly broken to the downside to keep the bearish outlook remains strong retesting 0.9450 key support.

usdchfdaily

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July 28th, 2017 @ 3:27 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was corrected lower yesterday bottomed at 1.1650. That is a normal corrective movement and overall I remain bullish. The bias is bearish in nearest term testing 1.1640 – 1.1580 support area which is a good place to buy with nearest target seen around 1.1875. Immediate resistance is seen around 1.1712. A clear break above that area could lead price to neutral zone in nearest term retesting 1.1776 region. On the downside, a clear break and daily/weekly close below 1.1580 and the trend line support would signal further bearish correction and activate my neutral mode.

eurusdhourly

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July 28th, 2017 @ 3:25 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.3159 but whipsawed to the downside and closed lower at 1.3062. The bias is bearish in nearest term testing 1.3000 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.3100/25. A clear break above that area could lead price to neutral zone in nearest term but would keep the major bullish bias remain strong retesting 1.3159 or higher. Overall I remain bullish but a clear break and daily/weekly close below 1.3000 would signal further bearish correction next week.

gbpusddaily

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July 28th, 2017 @ 3:24 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Price has been moving sideways without clear direction this week. Immediate support is seen around 110.60. A clear break and daily/weekly close below that area could trigger further bearish pressure testing the trend line support and 109.50/00 support area next week which is a good place to buy. Immediate resistance is seen around 111.50/70 region. A clear break above that area would expose 112.75 region. Overall I remain neutral.

usdjpydaily

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July 28th, 2017 @ 3:21 am by Setyo Wibowo

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USDCHF Forecast    
The USDCHF had a strong bullish momentum yesterday topped at 0.9661 and hit 0.9721 earlier today in Asian session. The bias is bullish in nearest term testing 0.9765 – 0.9807 resistance area which is s good place to sell. Immediate support is seen around 0.9650. A clear break below that area could lead price to neutral zone in nearest term testing 0.9595/50 area. Overall I remain bearish but need a clear break at least back below 0.9550 to keep the bearish outlook remain strong.

usdchfdaily

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