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November 16th, 2018 @ 4:27 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had another indecisive movement yesterday. Price attempted to push higher, topped at 1.1362 but closed lower at 1.1325 after touched the trend line resistance as you can see on my daily chart below, which is a key short-term resistance at this phase. The bias is neutral in nearest term. A clear break and daily/weekly close above the trend line resistance and 1.1360/70 area would expose 1.1500 key resistance next week. Immediate support is seen around 1.1270/50 region. A clear break below that area could trigger further bearish pressure testing 1.1215 key support which need to be clearly broken to the downside to invalidate the tweezer bottom scenario and resume the major bearish trend testing 1.1100 – 1.1000 region.

eurusddaily

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November 16th, 2018 @ 4:26 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a strong and significant bearish momentum yesterday, broke below 1.2835 support area as you can see on my daily chart below, bottomed at 1.2723. The bias is bearish in nearest term testing 1.2700 – 1.2665 support area. Immediate resistance is seen around 1.2835 (former support, now resistance). A clear break back above that area could lead price to neutral zone in nearest term testing 1.2880 – 1.2920 resistance area. On the downside, a clear break and daily/weekly close below 1.2700 – 1.2665 area would target 1.2500 – 1.2370 region next week.

gbpusddaily

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November 16th, 2018 @ 4:26 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 113.09 but closed higher at 113.62, printed a bullish pin bar as you can see on my daily chart below. While the bearish pin bars formation printed at 114.20 resistance remains valid and still suggests potential bearish correction, the appearance of  bullish pin bar in a major bullish trend has greater importance. The bias is bullish in nearest term testing 114.00 – 114.20 area. Immediate support is seen around 113.00. A clear break below that area would invalidate the bullish pin bar scenario targeting the trend line support and 112.00 support area which remains a key support and good place to buy with a tight stop loss as a clear break below the trend line support would invalidate the major bullish outlook.

usdjpydaily

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November 16th, 2018 @ 4:25 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Overall I still prefer a bullish scenario at this phase but need a clear break and consistent movement above 1.0095 in order to build further bullish momentum targeting 1.0175 area. On the downside, 0.9980 remains a key support. A clear break below that area would invalidate the bullish pin bar scenario testing 0.9910 – 0.9825 area.

usdchfdaily

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November 15th, 2018 @ 4:01 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday but overall still able to maintain its short-term bullish bias since formed a tweezer bottom formation as you can see on my daily chart below, slipped above 1.1300 level. The bias remains bullish in nearest term testing 1.1370 area. Immediate support remains around 1.1250. A clear break below that area could lead price to neutral zone in nearest term but only a clear break below 1.1215 key support would invalidate the tweezer bottom bullish scenario and resume the major bearish trend testing 1.1100 – 1.1000 region. On the upside, a clear break and daily close above 1.1370 would challenge 1.1500 resistance area.

eurusddaily

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November 15th, 2018 @ 4:00 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was volatile but indecisive yesterday. The bias is neutral in nearest term but as long as stay above 1.2835 the tweezer bottom bullish scenario remains valid. Immediate resistance is seen around 1.3070. A clear break and daily close above that area would expose 1.3125 or higher. Immediate support is seen around 1.2950. A clear break below that area could trigger further bearish pressure testing 1.2890 region but key support remains at 1.2835 area which need to be clearly broken to the downside to reactivate my bearish mode retesting 1.2700 region.

gbpusddaily

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November 15th, 2018 @ 3:59 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term. Overall I remain bullish but the bearish pin bar scenario remains valid. Immediate support is seen around 113.00. A clear break and daily close below that area would retest the trend line support and 112.00 region which is a good place to buy with a tight stop loss as a clear break below the trend line support would invalidate the major bullish outlook. On the upside, we need a clear break above 114.20 to invalidate the bearish pin bar scenario and resume the bullish run testing 114.70 – 115.50 region.

usdjpydaily

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November 15th, 2018 @ 3:52 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Overall I still prefer a bullish scenario at this phase but need a clear break and consistent movement above 1.0095 in order to build further bullish momentum targeting 1.0175 area. On the downside, 0.9980 remains a key support. A clear break below that area would invalidate the bullish pin bar scenario testing 0.9910 – 0.9825 area.

usdchfdaily

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