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February 22nd, 2019 @ 4:36 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD attempted to push higher yesterday topped at 1.1365 but closed lower at 1.1335. We have 2 bearish pin bars as you can see on my daily chart below which create a conflicting signal with the bullish pin bar. A very tricky situation. The bearish pin bars are consistent with the major bearish trend, but printed in a less significant level. On the other hand, the bullish pin bar printed at more important support/key level but going against the major bearish trend. I still prefer a bullish scenario at this phase as we need a clear break below 1.1215 to end the consolidation phase and resume the major bearish trend. The bias is neutral in nearest term. Immediate resistance is seen around 1.1400. A clear  break and daily close above that area would retest 1.1500 – 1.1570 key resistance area which remains a good place to sell.   Immediate support is seen around 1.1320. A clear break below that area could trigger further bearish pressure testing 1.1270 – 1.1215 key support area which remains a good place to buy.

eurusddaily

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February 22nd, 2019 @ 4:31 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. The bias remains bullish in nearest term testing 1.3150 – 1.3210 region. Immediate support remains around 1.3000. A clear break and daily close back below that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I am neutral on this pair for now. A break above 1.3210 would activate my bullish mode. On the other hand, a clear break back below 1.2800 would reactivate my bearish mode.

gbpusddaily

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February 22nd, 2019 @ 4:28 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had another insignificant movement yesterday. There are no changes in my technical outlook. The bias is neutral in nearest term. Key resistance remains at 111.00 region which is a good place to sell with a tight stop loss as a clear break and daily close above that area would resume the bullish pin bar scenario testing 112.00 or higher. Immediate support is seen around 110.50. A clear break below that area could trigger further bearish pressure testing 110.00 or lower.

usdjpydaily

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February 22nd, 2019 @ 4:27 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had another indecisive movement yesterday. The bias is neutral in nearest term. Overall I still prefer a bearish scenario at this phase but need a clear break below 0.9985 support area to resume the bearish phase testing 0.9900 region. Immediate resistance is seen around 1.0040. A clear break and daily close above that area would retest 1.0095 key resistance area which remains a good place to sell with a tight stop loss as a clear break above 1.0095 would expose 1.0150/70 region.

usdchfdaily

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February 21st, 2019 @ 4:27 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD was indecisive yesterday. The bias remains bullish in nearest term testing1.1400 region as a part of the bullish pin bar scenario after bounced-off 1.1270 – 1.1215 key support area as you can see on my daily chart below. Immediate support is seen around 1.1310. A clear break below that area could lead price to neutral zone in nearest term testing 1.1270 – 1.1215 key support area which remains a good place to buy with a tight stop loss below 1.1215 as a clear break below 1.1215 would resume the major bearish trend testing 1.1125 region or lower. On the upside, a clear break and daily close above 1.1400 would retest 1.1500 – 1.1570 key resistance area which remains a good place to sell.

eurusddaily

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February 21st, 2019 @ 4:26 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias remains bullish in nearest term testing 1.3150 – 1.3210 region. Immediate support is seen around 1.3000. A clear break and daily close back below that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I am neutral on this pair for now. A break above 1.3210 would activate my bullish mode. On the other hand, a clear break back below 1.2800 would reactivate my bearish mode.

gbpusddaily

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February 21st, 2019 @ 4:25 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a moderate bullish momentum yesterday topped at 110.94. It’s been a slow market this week with only 50 pips movement since Monday. The bias is neutral in nearest term. Key resistance remains at 111.00 region which is a good place to sell with a tight stop loss as a clear break and daily close above that area would resume the bullish pin bar scenario testing 112.00 or higher. Immediate support is seen around 110.50. A clear break below that area could trigger further bearish pressure testing 110.00 or lower.

usdjpydaily

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February 21st, 2019 @ 4:24 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias remains bearish in nearest term but note that we need a clear break and daily close below 0.9985 support area to resume the bearish run testing 0.9900 area. Immediate resistance is seen around 1.0040. A clear break above that area could lead price to neutral zone in nearest term retesting 1.0095 key resistance area which remains a good place to sell with a tight stop loss as a clear break above 1.0095 would expose 1.0150/70 region.

usdchfdaily

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