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January 17th, 2018 @ 7:24 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD was indecisive yesterday. Price attempted to push higher earlier today topped at 1.2323 but whipsawed to the downside and hit 1.2215 at the time I wrote this comment. The bias is bearish in nearest term testing 1.2175. A clear break and daily close below that area could trigger further bearish pullback testing 1.2090 area. Immediate resistance is seen around 1.2260. A clear break above that area could lead price to neutral zone in nearest term retesting 1.2323. Overall, as long as stay above the trend line support I remain bullish and any downside pullback should be seen as a good opportunity to buy.

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January 17th, 2018 @ 7:23 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. Price attempted to push higher earlier today topped at 1.3836 but whipsawed to the downside and hit 1.3760 at the time I wrote this comment. The bias is bearish in nearest term testing 1.3725. A clear break and daily close below that area could trigger further bearish pullback testing 1.3615 region. Immediate resistance is seen around 1.3836. A clear break above that area could lead price to neutral zone in nearest term but would keep the major bullish trend remain strong testing 1.3900. Overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.

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January 17th, 2018 @ 7:22 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. Price traded higher earlier today hit 110.93 after another failure to stay consistently below 110.65 support area as you can see on my daily chart below. The bias is bullish in nearest term testing 111.20 region. On the downside, we need a clear break and daily close below 110.65 to resume the bearish phase testing 110.00 – 109.50 support area.On the upside, a clear break and daily close above 111.20 would expose 111.85 or higher. Overall I remain neutral.

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January 17th, 2018 @ 7:21 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9581 and hit 0.9572 earlier today but whipsawed to the upside and hit 0.9638 at the time I wrote this comment. The bias is bullish in nearest term testing 0.9665 – 0.9700 resistance area. Immediate support is seen around 0.9590. A clear break below that area would resume the bearish phase testing 0.9500 – 0.9450 region. Overall I remain neutral but as long as stay below the trend line resistance I still prefer a bearish scenario at this phase.

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January 16th, 2018 @ 6:25 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD continued its bullish momentum yesterday topped at 1.2296. The bias remains bullish in nearest term testing 1.2350 area. Immediate support is seen around 1.2230 area. A clear break below that area could lead price to neutral zone in nearest term testing 1.2175 region but as long as stay above the trend line support as you can see on my daily chart below I remain bullish and any downside pullback is normal and should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.2350 could easily target 1.2500 region this week.

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January 16th, 2018 @ 6:24 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday topped at 1.3819. The bias remains bullish in nearest term testing 1.3900 area. Immediate support is seen around 1.3770. A clear break below that area could lead price to neutral zone in nearest term testing 1.3725 but overall I remain bullish and any downside pullback is normal and should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.3900 would expose 1.4000 psychological/key level.

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January 16th, 2018 @ 6:23 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY continued its bearish momentum yesterday bottomed at 110.32 but traded higher earlier today in Asian session hit 110.98. The bias is bullish in nearest term testing 111.20 region. Immediate support is seen around 110.65. A clear break below that area could lead price to neutral zone in nearest term testing 110.00 – 109.50 region. Overall I remain neutral but still prefer a bearish scenario at this phase.

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January 16th, 2018 @ 6:22 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9602. The bias remains bearish in nearest term testing 0.9590 region. Immediate resistance is seen around 0.9700. A clear break above that area could lead price to neutral zone in nearest term testing 0.9750/97 region. Overall I remain neutral but as long as stay below the trend line resistance I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

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