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Articles by Setyo Wibowo

September 23rd, 2016 @ 2:55 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.1257 but closed lower at 1.1208. The bias is neutral in nearest term probably with a little bearish bias. As you can see on my H1 chart below we have a rising wedge formation suggests a potential bearish scenario especially if price able to break below the wedge and 1.1180 support area retesting 1.1125 key support. Immediate resistance is seen around 1.1250/75 but key resistance remains around 1.1350. My major technical outlook remains neutral.

eurusdhourly

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September 23rd, 2016 @ 2:53 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.3120 but closed lower at 1.3074. The bias is neutral in nearest term probably with a little bearish bias testing 1.3000 – 1.2950 region. Immediate resistance is seen around 1.3100. A clear break above that area could trigger further bullish pressure testing 1.3150/80 region. Overall, as long as stay below 1.3500 I remain bearish.

gbpusdh4

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September 23rd, 2016 @ 2:49 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY failed to continue its bearish momentum yesterday topped at 100.93 and hit 101.24 earlier today in Asian session. The bias is bullish in nearest term testing the H1 EMA 200 located around 101.65 which is a good place to sell with a tight stop loss. Immediate support is seen around 100.65. A clear break below that area could lead price to neutral zone in nearest term testing 100.00 region or lower. Overall I remain bearish.

usdjpyhourly

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September 23rd, 2016 @ 2:47 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9659. Price broke below the bullish channel as you can see on my H1 chart below suggests a bearish view. The bias remains bearish in nearest term testing 0.9600 – 0.9540 which is a good place to buy. Immediate resistance is seen around 0.9720. A clear break above that area could lead price to neutral zone in nearest term testing 0.9760 or higher. My major technical outlook remains neutral.

usdchfhourly

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September 22nd, 2016 @ 2:59 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push lower yesterday bottomed at 1.1123 but closed higher at 1.1185 and hit 1.1201 earlier today. The bias is neutral in nearest term probably with a little bullish bias especially if price able to make a clear break above 1.1200 testing 1.1250/75 region but key resistance remains around 1.1350. Immediate support is seen around 1.1160. A clear break below that area could trigger further bearish pressure retesting 1.1125 key support area. My major technical outlook remains neutral.

eurusdhourly

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September 22nd, 2016 @ 2:57 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. Price attempted to push lower bottomed at 1.2945 but closed higher at 1.3026 and hit 1.3049 earlier today. The bias is neutral in nearest term probably with a little bullish bias testing 1.3100 area. Immediate support is seen around 1.3000. A clear break below that area could trigger further bearish pressure testing 1.2950/00 region. As long as stay below 1.3500 I remain bearish.

gbpusdh4

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September 22nd, 2016 @ 2:55 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 102.78 but whipsawed to the downside and closed at 100.30. The bias is bearish in nearest term testing 99.50 area. Immediate resistance is seen around 101.15. A clear break back above that area could lead price to neutral zone in nearest term but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

usdjpyhourly

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September 22nd, 2016 @ 2:52 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9720 and now struggling around the lower line of a bullish channel as you can see on my H1 chart below. The bias is bearish in nearest term testing 0.9690. A clear break and daily close below that area would expose 0.9600 region. Immediate resistance is seen around 0.9770. A clear break above that area could lead price to neutral zone in nearest term testing 0.9820 region. My major technical outlook remains neutral.

usdchfhourly

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