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2017 December

December 29th, 2017 @ 6:23 am by Setyo Wibowo

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EURUSD Forecast
As expected, the EURUSD continued its bullish momentum yesterday topped at 1.1959. Price broke above the trend line resistance as you can see on my daily chart below suggests a bullish view. The bias remains bullish in nearest term testing 1.2000 region. Immediate support is seen around 1.1920. A clear break below that area could lead price to neutral zone in nearest term testing 1.1880/50 support area. On the upside, a clear break and daily/weekly close above 1.2000 would expose 1.2090 resistance area next week. I am bullish on this pair.

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December 29th, 2017 @ 6:22 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.3456 and hit 1.3459 earlier today in Asian session. The bias is bullish in nearest term testing 1.3500/20 area. Immediate support is seen around 1.3400. A clear break below that area could lead price to neutral zone in nearest term testing 1.3350/30 support area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily/weekly close above 1.3520 would retest 1.3615 level next week.

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December 29th, 2017 @ 6:21 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum yesterday slipped below the trend line support as you can see on my H1 chart below. The bias is bearish in nearest term testing 112.35 – 111.65 support area. Immediate resistance is seen around 113.05. A clear break above that area could lead price to neutral zone in nearest term testing 113.50/75 region which remains a good place to sell with a tight stop loss. Overall I remain neutral.

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December 29th, 2017 @ 6:16 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9771 after the false break above the bearish channel as you can see on my daily chart below. The bias remains bearish in nearest term testing 0.9735/00 region. Immediate resistance is seen around 0.9818. A clear break above that area could lead price to neutral zone in nearest term testing 0.9850 area. On the downside, a clear break and daily/weekly close below 0.9700 would expose 0.9590 region next week. Overall I remain neutral.

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December 28th, 2017 @ 4:02 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.1910 and now struggling around the trend line resistance as you can see on my daily chart below. The bias is bullish in nearest term especially if price able to make a clear break above 1.1920 testing 1.1.1960 – 1.2000 region as a part of the bullish pin bar scenario. Immediate support is seen around 1.1850. A clear break below that area could lead price to neutral zone in nearest term testing 1.1800 region or lower. Overall I remain neutral.

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December 28th, 2017 @ 4:01 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. Price attempted to push higher topped at 1.3429 but closed a little bit lower at 1.3395. The bias remains neutral in nearest term. Immediate resistance is seen around 1.3429. A clear break above that area could trigger further bullish pressure testing 1.3465 – 1.3530 area. Immediate support is seen around 1.3370. A clear break below that area could trigger further bearish pressure testing 1.3330 but key support remains at 1.3220. As long as stay above 1.3220 I remain bullish.

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December 28th, 2017 @ 3:56 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had another insignificant movement yesterday. The bias remains neutral in nearest term. Immediate support is seen around 113.05 – 112.80 region and the trend line support as you can see on my H1 chart below. A clear break below that area could trigger further bearish pressure testing 112.35 – 111.65 area. Immediate resistance is seen around 113.75 which remains a good place to sell with a tight stop loss as a clear break and daily close above that area would expose 114.50 key resistance. Overall I remain neutral.

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December 28th, 2017 @ 3:55 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday and now back inside the bearish channel as you can see on my daily chart below. The bias is bearish in nearest term testing 0.9818. Immediate resistance is seen around 0.9880. A clear break above that area could lead price to neutral zone in nearest term testing 0.9910 resistance area. On the downside, a clear break below 0.9818 would expose 0.9780 or lower. Overall I remain neutral.

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