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December 13th, 2018 @ 4:42 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD failed to continue its bearish momentum yesterday topped at 1.1387. The bias is neutral in nearest term but as long as stay below 1.1500 I still prefer a bearish scenario at this phase. Immediate support is seen around 1.1350. A clear break below that area could trigger further bearish pressure testing 1.1300 region but key support remains at 1.1270 – 1.1215 area. Immediate resistance is seen around 1.1418. A clear break and daily close above that area would retest 1.1500 key resistance area.

eurusddaily

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December 13th, 2018 @ 4:40 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD failed to continue its bearish momentum yesterday, topped at 1.2671 and printed two important bullish patterns. The first one is a tweezer bottom formation at 1.2485. The second one is a bullish engulfing pattern as you can see on my daily chart below. Although the major trend remains bearish, those two bullish patterns should not be underestimated. The bias is bullish in nearest term testing 1.2700 key resistance area. A clear break and daily close above that area would retest 1.2875 region. Immediate support is seen around 1.2560. A clear break back below that area could lead price to neutral zone in nearest term retesting 1.2485 key support which need to be clearly broken to the downside to resume the major bearish trend.

gbpusddaily

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December 13th, 2018 @ 4:33 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had another indecisive movement yesterday but overall still able to maintain its bullish bias. The bias remains bullish in nearest term testing 114.20 – 114.70 key resistance area which is a good place to sell with a tight stop loss as a clear break above 114.70 would resume the major bullish trend testing 115.50 – 116.15 region. Immediate support remains around 113.00. A clear break below that area could lead price to neutral zone in nearest term testing 112.50 – 112.00 support area which remains a good place to buy with a tight stop loss below 111.65 (EMA 200) as a clear break and daily close below 111.65 would invalidate the major bullish trend.

usdjpydaily

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December 13th, 2018 @ 4:29 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias is neutral in nearest term. From a different technical view as you can see on my daily chart below, price is forming a H&S formation. This formation will be confirmed by a clear break below the neckline located at 0.9860 which is also the EMA 200, targeting 0.9750 area as nearest target. Immediate resistance is seen around 1.0005. A clear break above that area could invalidate the H&S bearish scenario retesting 1.0095 key resistance area.

usdchfdaily

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December 12th, 2018 @ 4:19 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.1400 but whipsawed to the downside and closed lower at 1.1316. The bias remains bearish in nearest term testing 1.1270 – 1.1215 key support area. Immediate resistance is seen around 1.1360. A clear break above that area could lead price to neutral zone in nearest term testing 1.1400 – 1.1450 region but as long as stay below 1.1500 I still prefer a bearish scenario at this phase.

eurusddaily

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December 12th, 2018 @ 4:16 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.2638 but whipsawed to the downside and closed below 1.2500. The bias remains bearish in nearest term testing 1.2450 – 1.2400 region. Immediate resistance is seen around 1.2580. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 1.2700 I remain bearish and any upside pullback should be seen as a good opportunity to sell.

gbpusddaily

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December 12th, 2018 @ 4:13 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains bullish in nearest term testing 114.20 – 114.70 key resistance area which is a good place to sell with a tight stop loss as a clear break above 114.70 would resume the major bullish trend testing 115.50 – 116.15 region. Immediate support is seen around 113.00. A clear break below that area could lead price to neutral zone in nearest term testing 112.50 – 112.00 support area which remains a good place to buy with a tight stop loss below 111.50 (EMA 200) as a clear break and daily close below 111.50 would invalidate the major bullish trend.

usdjpydaily

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December 12th, 2018 @ 4:09 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push lower yesterday bottomed at 0.9862 but whipsawed to the upside and hit 0.9938 after bounced-off the daily EMA 200 as you can see on my daily chart below, located around 0.9860 area. The bias is bullish in nearest term testing 0.9970 – 1.0005 region. Immediate support is seen around 0.9900. A clear break below that area could lead price to neutral zone in nearest term retesting the daily EMA 200 which need to be clearly broken to the downside to resume the false breakout scenario (above 1.0095).

usdchfdaily

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