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Articles by Setyo Wibowo

May 26th, 2016 @ 1:57 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD didn’t make significant movement yesterday. The bias remains bearish in nearest term testing the lower line of the bullish channel (see my daily chart below)and 1.1100 – 1.1050 area which is a good place to buy with a tight stop loss. Immediate resistance remains around 1.1180. A clear break above that area could lead price to neutral zone in nearest term testing 1.1225 – 1.1275 region.

eurusddaily

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May 26th, 2016 @ 1:53 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday and now struggling around the daily EMA 200 and 1.4700 key resistance as you can see on my daily chart below. The bias remains bullish in nearest term testing 1.4800. A clear break and daily close above that area could trigger further bullish pressure testing 1.5000 region. Immediate support is seen around 1.4665. A clear break below that area could lead price to neutral zone in nearest term testing 1.4600 region.

gbpusddaily

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May 26th, 2016 @ 1:51 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum earlier today hit 109.41. The bias is bearish in nearest term testing 109.10. From another technical perspective as you can see on my H1 chart below price is moving inside a range area between  110.65 – 109.10. We need a clear break from that range area to see clearer direction. A clear break and daily close below 109.10 could trigger further bearish pressure testing 108.20/00 region or lower. Immediate resistance is seen around 110.00. A clear break above that area could lead price to neutral zone in nearest term testing 110.65.

usdjpyhourly

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May 26th, 2016 @ 1:48 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF failed to continued its bullish momentum yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 0.9860 support area. A clear break and daily close below that area could trigger further bearish pressure testing 0.9795. Immediate resistance is seen around 0.9935. A clear break above that area could trigger further bullish pressure testing 1.0000 region. My major technical outlook remains neutral.

usdchfdaily

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May 25th, 2016 @ 2:38 am by Setyo Wibowo

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EURUSD Forecast    
As expected, the EURUSD had a bearish momentum yesterday bottomed at 1.1132. Price closed below the daily EMA 200 as you can see on my daily chart below suggests a potential bearish view. The bias remains bearish in nearest term testing the lower line of the bullish channel located around 1.1100 – 1.1050 which is a key support at this phase and a good place to buy with a tight stop loss. A clear break below the bullish channel would give us further confirmation of the bearish continuation scenario testing 1.0800 area. Immediate resistance is seen around 1.1180. A clear break above that area could lead price to neutral zone in nearest term testing 1.1225 – 1.1275 region.

eurusddaily

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May 25th, 2016 @ 2:32 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.4641. The bias is bullish in nearest term retesting 1.4700 and the daily EMA 200 which is a good place to sell with a tight stop loss. Immediate support is seen around 1.4550. A clear break below that area could lead price to neutral zone in nearest term testing 1.4470 area. On the upside, a clear break and daily close above 1.4700 would activate my bullish mode.

gbpusddaily

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May 25th, 2016 @ 2:26 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY failed to continue its bearish momentum yesterday, topped at 110.12 and hit 110.18 earlier today. The bias is bullish in nearest term testing 110.65. A clear break and daily close above that area could trigger further bullish pressure testing 111.90 area. Immediate support is seen around 109.65. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear.

usdjpyhourly

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May 25th, 2016 @ 2:22 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a moderate bullish momentum yesterday topped at 0.9937. The bias remains bullish in nearest term testing 1.0000. Immediate support is seen around 0.9890. A clear break below that area could lead price to neutral zone in nearest term testing 0.9850 area. My major technical outlook remains neutral.

usdchfdaily

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