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Articles by Setyo Wibowo

August 30th, 2016 @ 2:36 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday but overall still able to maintain its bearish intraday bias so far. Price is now struggling around 1.1180 support area (daily EMA 200). The bias remains bearish in nearest term testing 1.1100 before targeting 1.1000. Immediate resistance remains around 1.1250. A clear break and daily close back above that area could trigger further bullish pressure retesting 1.1350 region. My major technical outlook remains neutral.

eurusdhourly

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August 30th, 2016 @ 2:34 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias. The bias remains bearish in nearest term testing 1.3050 – 1.3000 area. Immediate resistance is seen around 1.3138 (yesterday’s high). A clear break above that area could lead price to neutral zone in nearest term testing 1.3200 or higher. On the downside, a clear break and daily close below 1.3050 – 1.3000 would expose 1.2950 and 1.2865. Overall, as long as stay below 1.3500 my major technical outlook remains bearish.

gbpusdh1

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August 30th, 2016 @ 2:31 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. Price attempted to push higher, topped at 102.39 but closed lower at 101.90. The bias is neutral in nearest term probably with a little bullish bias testing 102.80 which remains a good place to sell. Immediate support is seen around 101.75. A clear break below that area could trigger further bearish pressure testing 101.15. Overall I remain bearish.

usdjpyhourly

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August 30th, 2016 @ 2:28 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday formed a Doji on daily chart. The bias is neutral in nearest term probably with a little bullish bias. Immediate resistance is seen around 0.9806 (yesterday’s high). A clear break above that area could trigger further bullish pressure testing 0.9900 – 0.9950 region which is a good place to sell. Immediate support is seen around 0.9750. A clear break and daily close below that area could trigger further bearish pressure testing 0.9680 or lower. My major technical outlook remains neutral.

usdchfdaily

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August 29th, 2016 @ 2:45 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD failed to continue its bullish momentum last week bottomed at 1.1180 after a failure to make a clear break above 1.1350 as you can see on my H1 chart below. The bias is bearish in nearest term especially if price able to make a clear break below 1.1180 testing 1.1100 before targeting 1.1000 this week. Immediate resistance is seen around 1.1250. A clear break back above that area could lead price to neutral zone in nearest term testing 1.1300 – 1.1350 region. My major technical outlook remains neutral.

eurusdhourly

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August 29th, 2016 @ 2:41 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push higher last week topped at 1.3279 but whipsawed to the downside and closed lower at 1.3132. As you can see on my H1 chart below, price is now struggling around the H1 EMA 200 support which has been tested 2 times since August 17th. The bias is bearish in nearest term testing 1.3050 – 1.3000 area. Immediate resistance is seen around 1.3150. A clear break above that area could lead price to neutral zone in nearest term testing 1.3200 or higher. Overall, as long as stay below 1.3500 my major technical outlook remains bearish.

gbpusdh1

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August 29th, 2016 @ 2:38 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push lower last week bottomed at 99.94 but whipsawed to the upside and closed higher at 101.80 and hit 102.15 earlier today. The bias is bullish in nearest term testing 102.80 which is a good place to sell with a tight stop loss. Immediate support is seen around 101.50. A clear break below that area could lead price to neutral zone in nearest term testing 101.15/00 region or lower. Overall I remain bearish.

usdjpyhourly

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August 29th, 2016 @ 2:31 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bullish momentum last week topped at 0.9792. The bias is bullish in nearest term testing 0.9850. A clear break and daily close above that area could trigger further bullish pressure testing 0.9950 which is a good place to sell. Immediate support is seen around 0.9730. A clear break below that area could lead price to neutral zone in nearest term testing 0.9685 area. My major technical outlook remains neutral.

usdchfdaily

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