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Articles by Setyo Wibowo

February 5th, 2016 @ 12:44 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bullish momentum yesterday topped at 1.1239. As you can see on my daily chart below, price convincingly closed above the daily EMA 200 after broke above the trend line resistance, giving further confirmation to the bullish reversal scenario targeting 1.1500 area. The bias is bullish in nearest term testing 1.1300 – 1.1350 region. Immediate support is seen around 1.1160. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 1.1060 I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.

eurusddaily

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February 5th, 2016 @ 12:42 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday formed a Doji on daily chart. The bias is neutral in nearest term probably with a little bearish bias testing 1.4500 – 1.4450 support area which is a good place to buy targeting 1.4700 region. My major technical outlook is neutral but overall price is in a bullish phase since formed a hammer candle stick formation on daily chart after hit 1.4080 key support.

gbpusdh1

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February 5th, 2016 @ 12:38 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY continued its bearish momentum yesterday bottomed at 116.52. The bias remains bearish in nearest term testing 116.00 key support which is a good place to buy with a tight stop loss as a daily/weekly close below that area could trigger further bearish scenario next week targeting 112.50 region. Immediate resistance is seen around 117.35. A clear break above that area could lead price to neutral zone in nearest term testing 118.00 region. Overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

usdjpy4h

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February 5th, 2016 @ 12:32 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9921. As you can see on my H4 chart below price is now testing the trend line support, a good place to buy with a tight stop loss as a clear break and daily/weekly close below the trend line support and 0.9900 area could be an early signal of a bearish reversal scenario next week with nearest target seen around 0.9800 (daily EMA 200). Immediate resistance is seen around 1.0000. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish scenario remains intact testing 1.0070 or higher.

usdchfh4

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February 4th, 2016 @ 1:42 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a strong bullish momentum yesterday topped at 1.1145. As you can see on my daily chart below, price slipped above the trend line resistance and now struggling around the daily EMA 200 located around 1.1110. Price is in a critical technical point now. The bias is bullish in nearest term. A clear break and daily close above the daily EMA 200 would give further confirmation of the bullish reversal scenario targeting 1.1500 region. Immediate support is seen around 1.1060. A clear break and daily close below that area could lead price to neutral zone in nearest term but would give the bearish scenario another chance as a false breakout scenario may take place.

eurusddaily

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February 4th, 2016 @ 1:39 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.4649. The bias is bullish in nearest term testing 1.4700 – 1.4750 region. Immediate support is seen around 1.4550. A clear break below that area could lead price to neutral zone in nearest term testing 1.4500 – 1.4450 which is a good place to buy.

gbpusdh1

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February 4th, 2016 @ 1:31 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a strong bearish momentum yesterday bottomed at 117.05. The bias is bearish in nearest term testing 116.00 area. Immediate resistance is seen around 118.25. A clear break above that area could lead price to neutral zone in nearest term testing 118.80 which is a good place to sell with a tight stop loss. Overall I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

usdjpy4h

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February 4th, 2016 @ 1:25 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a strong bearish momentum yesterday bottomed at 0.9987. The bias is bearish in nearest term testing the trend line support and 0.9925 support area as you can see on my H4 chart below, which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0070. A clear break above that area could lead price to neutral zone in nearest term testing 1.0120 area. As long as stays above the trend line support I still prefer a bullish scenario at this phase with buy on dips strategy.

usdchfh4

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