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Articles by Setyo Wibowo

July 25th, 2016 @ 2:00 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bearish momentum last week closed below 1.1000 key support as you can see on my daily chart below. The bias is bearish in nearest term testing 1.0900. A clear break and daily close below that area could trigger further bearish pressure targeting 1.0700 this week. Immediate resistance is seen around 1.1000. A clear break above that area could lead price to neutral zone in nearest term testing 1.1050 region but key resistance remains around 1.1200. Overall I still prefer a bearish scenario.

eurusddaily

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July 25th, 2016 @ 1:47 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive last week. As you can see on my H1 chart below, price is now retesting 1.3100 key support, a good place to buy with a tight stop loss as a clear break and daily close below that area could trigger further bearish pressure testing 1.3000 – 1.2900 this week. Immediate resistance is seen around 1.3200. A clear break and daily close above that area could trigger further bullish pullback testing 1.3300/15 region. Overall I still prefer a bearish scenario.

gbpusdh1

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July 25th, 2016 @ 1:42 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push higher last week topped at 107.47 but closed lower at 106.18. My major technical outlook remains bearish but as long as stay above the H1 EMA 200 price is still in a bullish correction phase. The bias is neutral in nearest term. Immediate resistance is seen around 106.75. A clear break above that area could trigger further bullish pressure retesting 107.47 region. On the downside, the H1 EMA 200 located around 105.50 is a key support at this phase. A clear break below that area would reactivate my bearish mode targeting 103.50.

usdjpyhourly

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July 25th, 2016 @ 1:28 am by Setyo Wibowo

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USDCHF Forecast
The USDCHFdidn’t make significant movement last week but overall still able to maintain its bullish intraday bias and still moving above the daily EMA 200 as you can see on my daily chart below. The bias is bullish in nearest term testing 1.0000. Immediate support is seen around 0.9865. A clear break below that area could lead price to neutral zone in nearest term testing 0.9800 region. My major technical outlook remains neutral.

usdchfdaily

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July 22nd, 2016 @ 1:46 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 1.1050 (H1 EMA 200). A clear break above that area could trigger further bullish pressure testing 1.1100 but key resistance remains around 1.1200. On the downside, we need a clear break and daily/weekly close below 1.1000 to continue the bearish scenario targeting 1.0700 next week. Overall price has been moving sideways between 1.1200 – 1.1000 for the last four weeks since the Brexit but as long as stay below 1.1200 I remain bearish.

eurusddaily

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July 22nd, 2016 @ 1:38 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bullish intraday bias since the false break below 1.3100 support area as you can see on my H1 chart below. The bias remains bullish in nearest term testing 1.3315 area. Immediate support is seen around 1.3180/50. A clear break below that area could lead price to neutral zone in nearest term retesting 1.3100 key support. Overall I remain bearish but need a clear break back below 1.3100 to reactivate my bearish mode.

gbpusdh1

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July 22nd, 2016 @ 1:34 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday bottomed at 105.41. As you can see on my H1 chart below price is struggling around the lower line of the bullish channel. The bias is bearish in nearest term as we may have a false break (above 106.75) bearish scenario testing H1 EMA 200 located around 105.30. A clear break and daily/weekly close below that area would reactivate my bearish mode targeting 103.00 – 102.50 area next week. Immediate resistance is seen around 106.75. A clear break and daily/weekly close back above that area would keep the bullish correction phase remain strong.

usdjpyhourly

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July 22nd, 2016 @ 1:31 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 0.9800 support area. A clear break and daily/weekly close below that area could trigger further bearish pressure testing 0.9670 – 0.9570 next week.  Immediate resistance remains around 0.9900. A clear break and daily/weekly close above that area could trigger further bullish pressure testing 1.0000 region which remains a valid bullish target. My major technical outlook remains neutral.

usdchfdaily

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