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Articles by Setyo Wibowo

December 15th, 2017 @ 2:24 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push higher yesterday slipped above 1.1850 resistance area but whipsawed to the downside and closed lower at 1.1777. This false breakout keeps the bearish phase remain valid. The bias is bearish in nearest especially if price able to make a clear break below 1.1750 testing 1.1690 region. Immediate resistance is seen around 1.1815. A clear break above that area could lead price to neutral zone in nearest term retesting 1.1850 region which remains a good place to sell with a tight stop loss as a clear break and daily close above that area would expose 1.1960 or higher. Overall I remain neutral.

eurusdhourly

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December 15th, 2017 @ 2:22 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday printed a Doji on daily chart. The bias is neutral in nearest term. Immediate resistance is seen around 1.3465. A clear break above that area could trigger further bullish pressure testing 1.3500 – 1.3520 region. Immediate support is seen around 1.3390. A clear break below that area could trigger further bearish pressure testing 1.3330 support area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.

gbpusddaily

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December 15th, 2017 @ 2:20 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday but fell below the trend line support as you can see on my H1 chart below suggests a bearish view. The bias is bearish in nearest term testing 111.65 region. Immediate resistance is seen around 112.50/85. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. On the downside, a clear break and daily/weekly close below 111.65 would expose 110.80/65 region next week. Overall I remain neutral.

usdjpyhourly

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December 15th, 2017 @ 2:17 am by Setyo Wibowo

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USDCHF Forecast    
The USDCHF failed to continue its bearish momentum yesterday topped at 0.9904. Price is moving inside a bearish channel as you can see on my H1 chart below suggests a bearish phase but the bias is bullish in nearest term testing 0.9910 – 0.9940 resistance area which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9870. A clear break below that area could lead price to neutral zone in nearest term testing 0.9818 area. Overall I remain neutral.

usdchfhourly

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December 14th, 2017 @ 2:15 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bullish momentum yesterday topped at 1.1831 and hit 1.1843 earlier today in Asian session. The bias is bullish in nearest term testing 1.1850 resistance area which is a good place to sell with a tight stop loss as a clear break above that area would invalidate the bearish phase testing 1.1900 – 1.1960 region or higher. Immediate support is seen around 1.1800 – 1.1780 region. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish phase remain valid testing 1.1690 region. Overall I remain neutral.

eurusdhourly

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December 14th, 2017 @ 2:10 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.3426 after unable to stay consistently below 1.3330 support area as you can see on my daily chart below. The bias is bullish in nearest term testing 1.3500 area. Immediate support is seen around 1.3380. A clear break below that area could lead price to neutral zone in nearest term retesting 1.3330 support area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.3500 would expose 1.3615 region.

gbpusddaily

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December 14th, 2017 @ 2:08 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a strong bearish momentum yesterday bottomed at 112.46. Price is now struggling around a trend line support 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 the trend line support and 112.50 region testing 111.65 area. Immediate resistance is seen around 113.20. A clear break back above that area could lead price to neutral zone in nearest term testing 113.75 area or higher. Overall I remain neutral.

usdjpyhourly

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December 14th, 2017 @ 2:04 am by Setyo Wibowo

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USDCHF Forecast    
The USDCHF had a strong bearish momentum yesterday bottomed at 0.9842 after a valid break below 0.9910 and the H1 EMA 200 as you can see on my H1 chart below. The bias is bearish in nearest term testing 0.9818 – 0.9780 area. Immediate resistance is seen around 0.9870. A clear break above that area could lead price to neutral zone in nearest term testing 0.9910 – 0.9940 region. Overall I remain neutral.

usdchfhourly

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