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2013 July

July 18th, 2013 @ 8:50 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.3177 but closed lower at 1.3115. The bias is neutral in nearest term. Immediate resistance is seen around 1.3130. A clear break above that area could trigger further bullish pressure testing 1.3170 – 1.3200. The major bearish scenario should remain valid but a clear break and daily close above 1.3200 could be an early signal of a bullish scenario. Immediate support is seen around 1.3060/50. A clear break below that area could trigger further bearish pressure testing 1.3000 – 1.2980 support area which needs to be clearly broken to the downside to keep the major bearish scenario remains strong.

eurusdhourly

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July 18th, 2013 @ 8:47 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.5266 but traded lower earlier today hit 1.5156. The bias is neutral in nearest term but as long as stays above 1.5000 – 1.5050 price is still in a bullish correction phase. Immediate resistance is seen around 1.5220. A clear break above that area could trigger further bullish pressure testing 1.5250 – 1.5300 region.

gbpusddaily

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July 18th, 2013 @ 8:44 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bullish momentum yesterday and hit 100.33 earlier today. The bias remains bullish in nearest term testing 100.80. Immediate support is seen around 99.70. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear testing 99.50/00.

usdjpydaily

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July 18th, 2013 @ 8:39 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 0.9470. A clear break above that area could trigger further bullish pressure testing 0.9530. On the downside, key support is seen around 0.9350. A clear break and daily close below that area could trigger further bearish scenario. My major technical outlook remains unclear.

usdchfdaily

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July 17th, 2013 @ 7:53 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bullish momentum yesterday topped at 1.3173. Price is in a critical technical point. The bias is bullish in nearest term testing 1.3200 key resistance. A clear break and daily close above that area could be an early signal of a major bullish reversal scenario. Immediate support is seen around 1.3100. A clear break below that area could lead price to neutral zone in nearest term. The major bearish scenario remains valid but needs a clear break back at least below 1.3000 – 1.2980 to keep the bearish scenario remains strong.

eurusdhourly

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July 17th, 2013 @ 7:50 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD didn’t make significant movement yesterday. Price is still in a consolidation phase. The bullish correction phase remains valid and need a clear break at least below 1.5050 – 1.5000 to end the bullish correction phase and continue the major bearish scenario. The bias remains neutral in nearest term. On the upside, key intraday resistance is seen around 1.5150 – 1.5200. A clear break above that area could continue the bullish correction phase.

gbpusddaily

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July 17th, 2013 @ 7:47 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday slipped below 99.00 but traded higher earlier today hit 99.71. The bias is bullish in nearest term testing 100.00 – 100.50/80. Immediate support is seen around 99.00. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear. On the downside, key support is seen around 98.00. A clear break below that area could be an early signal of a major bearish scenario testing 96.70.

usdjpydaily

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July 17th, 2013 @ 7:44 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday slipped below the daily EMA 200 but still unable to move consistently below EMA 200 so far. The bias is bearish in nearest term testing 0.9350 key support. A clear break and daily close below that area could be an early signal of a major bearish scenario. Immediate resistance is seen around 0.9425/30. A clear break above that area could lead price to neutral zone in nearest term testing 0.9500/25. My major technical outlook remains unclear.

usdchfdaily

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