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August 17th, 2018 @ 3:52 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD had a moderate bullish momentum yesterday topped at 1.1408 but closed a little bit lower at 1.1376. The bias remains bullish in nearest term testing 1.1430 resistance area. A clear break and daily/weekly close above that area would expose 1.1500 next week. Immediate support is seen around 1.1350. A clear break below that area could lead price to neutral zone in nearest term testing 1.1300 region which need to be clearly broken to the downside to invalidate the bullish pin bar scenario and resume the major bearish trend. Overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

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August 17th, 2018 @ 3:49 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. Price attempted to push higher topped at 1.2753 but closed lower at 1.2711. The bias is bearish in nearest term testing 1.2650/00 region. Immediate resistance is seen around 1.2753. A clear break above that area could lead price to neutral zone in nearest term testing 1.2800/25 area but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

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August 17th, 2018 @ 3:47 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. Overall price is still in a bearish phase since failed to break above 113.00, but until we see a clear break below the daily EMA 200 and 110.00 support area, bearish pressures will be limited. Immediate resistance is seen around 111.15 followed by 111.55.

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August 17th, 2018 @ 3:40 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 0.9974 and hit 0.9977 earlier today in Asian session. The bias is bullish in nearest term testing 0.9990 area. Immediate support is seen around 0.9950. A clear break below that area could lead price to neutral zone in nearest term testing 0.9925/00 area. Overall I remain neutral and price is still moving sideways as you can see on my H4 chart below. The best area to sell is between 0.9990 – 1.0055. On the other hand, the best area to buy is between 0.9865 – 0.9785.

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August 16th, 2018 @ 4:00 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD attempted to push lower yesterday, bottomed at 1.1301 but closed higher 1.1345, printed a bullish pin bar as you can see on my daily chart below. Price continues to move higher earlier today in Asian session hit 1.1382. The bias is bullish in nearest term testing 1.1430. Immediate support is seen around 1.1335 (current low). A clear break below that area could lead price to neutral zone in nearest term testing 1.1300 region which need to be clearly broken to the downside to invalidate the bullish pin bar scenario and resume the major bearish trend testing 1.1250/00 support area or lower. Overall I remain bearish.

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August 16th, 2018 @ 3:58 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2661 but traded higher earlier today in Asian session hit 1.2721. The bias remains bearish in nearest term testing 1.2650/00 region. Immediate resistance is seen around 1.2730. A clear break above that area could lead price to neutral zone in nearest term testing 1.2765 or higher but overall I remain bearish and any upside pullback is normal and should be seen as a good opportunity to sell.

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August 16th, 2018 @ 3:54 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday bottomed at 110.43. The bias is neutral in nearest term. Immediate support is seen around 110.45 (current low). A clear break below that area could trigger further bearish pressure retesting the daily EMA 200 and 110.00 support area which need to be clearly broken to the downside to resume the bearish phase after failed to break above 113.00 area. Immediate resistance is seen around 111.00. A clear break above that area could trigger further bullish pressure testing 111.55 area.

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August 16th, 2018 @ 3:45 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push higher yesterday topped at 0.9982 but whipsawed to the downside and closed lower at 0.9935. The bias is neutral in nearest term probably with a little bearish bias testing 0.9865 area. Immediate resistance is seen around 0.9950. A clear break above that area could trigger further bullish pressure testing 0.9990 region. Overall I remain neutral.

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