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Articles by Setyo Wibowo

August 17th, 2017 @ 2:56 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push lower yesterday bottomed at 1.1681 but closed higher at 1.1765 and hit 1.1789 earlier today in Asian session. We have a bullish pin bar formation at the trend line support as you can see on my daily chart below suggests a potential bullish scenario which could end the bearish correction phase. The bias is bullish in nearest term testing 1.1850. A clear break and daily close above that area would expose 1.1910 – 1.2000 region. Immediate support is seen around 1.1750. A clear break below that area could lead price to neutral zone in nearest term testing 1.1700 area but as long as stay above 1.1650 I still prefer a bullish scenario and any downside pullback should be seen as a good opportunity to buy.

eurusddaily

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August 17th, 2017 @ 2:54 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. Price bounced-off the trend line support and EMA 200 as you can see on my daily chart below suggests a potential bullish bias. Immediate resistance is seen around 1.2950. A clear break above that area could trigger further bullish pressure testing 1.3000 – 1.3030 region. On the downside, 1.2865 remains a key support and good place to buy with a tight stop loss as a clear break and daily close below that area would expose 1.2600 region. Overall I remain neutral.

gbpusddaily

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August 17th, 2017 @ 2:53 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday, bottomed at 110.03 and hit 109.66 earlier today in Asian session. The bias is bearish in nearest term. Price revisits the trend line support (109.50) as you can see on my daily chart below, which is a good place to buy with a tight stop loss as a clear break below 109.50/00 could trigger further bearish pressure testing 108.15 area. Immediate resistance is seen around 110.21 (current high). A clear break above that area could lead price to neutral zone in nearest term testing 110.80 or higher. Overall I remain neutral.

usdjpydaily

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August 17th, 2017 @ 2:53 am by Setyo Wibowo

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USDCHF Forecast    
The USDCHF attempted to push higher yesterday topped at 0.9765 but whipsawed to the downside, closed lower at 0.9657 and hit 0.9641 earlier today in Asian session. The bias is bearish in nearest term testing 0.9620 – 0.9550 support area. Immediate resistance is seen around 0.9700. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains around 0.9765 – 0.9807 region which remains a good place to sell.

usdchfdaily

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August 16th, 2017 @ 3:31 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bearish momentum yesterday bottomed at 1.1687 but closed a little bit higher at 1.1734. Price slipped below the trend line support as you can see on my daily chart below suggests a serious threat to the bullish outlook but as long as stay above 1.1650 I still prefer to buy on the dips with nearest target seen at 1.2000.The bias is bearish in nearest term. Immediate resistance is seen around 1.1770. A clear break above that area could lead price to neutral zone in nearest term testing 1.1850 area. On the downside, a clear break and daily close below 1.1650 would activate my neutral mode with a bearish short-term bias testing 1.1500 region.

eurusddaily

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August 16th, 2017 @ 3:30 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2846, touched the trend line support and daily EMA 200 as you can see on my daily chart below. The bias remains bearish in nearest term but buying at the trend line support is a good idea with a tight stop loss as a clear break and daily close below the trend line support would expose 1.2600 region. Immediate resistance is seen around 1.2888. A clear break above that area could lead price to neutral zone in nearest term testing 1.2950 or higher. Overall I remain neutral.

gbpusddaily

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August 16th, 2017 @ 3:29 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 110.84. The bias remains bullish in nearest term testing 111.00 – 111.50 area as a part of the bullish scenario after the appearance of the bullish pin bar as you can see on my daily chart below. Immediate support is seen around 110.35. A clear break below that area could lead price to neutral zone in nearest term testing 109.80 region. Overall I am neutral on this pair.

usdjpydaily

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August 16th, 2017 @ 3:28 am by Setyo Wibowo

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USDCHF Forecast    
The USDCHF attempted to push higher yesterday topped at 0.9758 but closed a little bit lower at 0.9726. The bias is neutral in nearest term. Immediate support is seen around 0.9700. A clear break below that area could trigger further bearish pressure testing 0.9650/20 support area. On the upside, 0.9765 – 0.9807 remains a key resistance and a good place to sell with a tight stop loss as a clear break above that area would activate my bullish mode.

usdchfdaily

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