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Articles by Setyo Wibowo

January 20th, 2017 @ 1:33 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push lower yesterday bottomed at 1.0589 but closed higher at 1.0662. The bias is neutral in nearest term probably with a little bullish bias testing 1.0720 region. Immediate support is seen around the lower line of the bullish channel and 1.0570. A clear break and daily/weekly close below that area would expose 1.0500 – 1.0450 next week. On the upside, a clear break and daily/weekly close above 1.0720 would expose 1.0850 next week. Overall I remain neutral but as long as stay inside the bullish channel, price is still in a valid bullish phase.

eurusdhourly

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January 20th, 2017 @ 1:31 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a moderate bullish momentum yesterday topped at 1.2342. The bias is neutral in nearest term probably with a little bullish bias testing 1.2415 region. Immediate support is seen around 1.2300. A clear break below that area could trigger further bearish pressure testing 1.2250 or lower. As long as stay above 1.2000 psychological level I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.

gbpusddaily

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January 20th, 2017 @ 1:27 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 114.60. A clear break below that area could trigger further bearish pressure testing 114.00 – 113.75 area as a part of the double top bearish scenario. Immediate resistance is seen around 115.60. A clear break and daily/weekly close above that area would expose 117.00 area next week.

usdjpy4h

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January 20th, 2017 @ 1:24 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push higher yesterday topped at 1.0122 but closed lower at 1.0041. The bias is bearish in nearest term testing 1.0000 psychological level which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0100. A clear break above that area could trigger further bullish pressure testing 1.0150 or higher. On the downside, a clear break and daily/weekly close below 1.0000 would expose 0.9900 area (daily EMA 200) next week.

usdchfh4

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January 19th, 2017 @ 2:47 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.0628. The bias is bearish in nearest term testing the lower line of the bullish channel and 1.0570 which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0670. A clear break above that area could lead price to neutral zone in nearest term testing 1.0720 area. On the downside, a clear break and daily close below 1.0570 would expose 1.0500 – 1.0450. Overall I remain neutral.

eurusdhourly

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January 19th, 2017 @ 2:41 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was corrected lower yesterday bottomed at 1.2253. The bias is neutral in nearest term. Immediate resistance is seen around 1.2330. A clear break and daily close above that area would expose 1.2415 region. Immediate support is seen around 1.2200 followed by 1.2120 but key support remains at 1.2000 psychological level which remains a good place to buy.

gbpusddaily

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January 19th, 2017 @ 2:37 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a strong bullish reversal yesterday topped at 114.76. The bias is bullish in nearest term testing 115.50 – 116.00 region. Immediate support is seen around 114.00. A clear break below that area could lead price to neutral zone in nearest term but would keep the double top bearish scenario remain strong testing 112.00 – 111.30 area.

usdjpy4h

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January 19th, 2017 @ 2:30 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 1.0077 and hit 1.0083 earlier today. The bias is bullish in nearest term testing 1.0135 area. On the downside, 1.0060 – 1.0000 remains a good place to buy with a tight stop loss below 1.0000 psychological level as a clear break below that area would expose 0.9900 or lower.

usdchfh4

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