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2018 July

July 2nd, 2018 @ 5:33 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD was volatile but indecisive last week. Price attempted to push lower, bottomed at 1.1527 but whipsawed to the upside and closed higher at 1.1682. The bias is bullish in nearest term. Price slipped above the trend line resistance as you can see on my H1 chart below, which is a serious threat to the bearish phase especially if price able to stay consistently above 1.1690 retesting 1.1850 this week. Immediate support is seen around 1.1630. A clear break back below that area would keep the bearish phase alive and kicking retesting 1.1530/00 key support which need to be clearly broken to the downside to resume the bearish scenario.

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July 2nd, 2018 @ 5:31 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had another indecisive movement last week. Price attempted to push lower bottomed at 1.3049 but closed higher at 1.3206. The bias is bullish in nearest term testing the upper line of the bearish channel located around 1.3215 region which is a good place to sell with a tight stop loss as a clear break above the bearish channel would invalidate the bearish phase. Immediate support is seen around 1.3150. A clear break below that area could lead price to neutral zone in nearest term testing 1.3100 area or lower.

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July 2nd, 2018 @ 5:29 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bullish momentum last week topped at 110.94 and hit 111.06 earlier today in Asian session. The bias is bullish in nearest term testing 111.40 region. Immediate support is seen around 110.50. A clear break below that area could lead price to neutral zone in nearest term testing 110.20/00 area. On the upside, a clear break and daily close above 111.40 would expose 111.80 – 112.00 region which is a good place to sell with a tight stop loss.

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July 2nd, 2018 @ 5:28 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive last week. Price attempted to push higher topped at 0.9992 but close lower at 0.9855. Price slipped below the trend line support as you can see on my H1 chart below after another failure to make a clear break above 0.9980 key resistance. The bias is neutral in nearest term. Immediate support is seen around 0.9895. A clear break below that area could trigger further bearish pressure testing 0.9855 – 0.9825 support area. Immediate resistance is seen around 0.9960. A clear break above that area could trigger further bullish pressure retesting 0.9980 key resistance area which need to be clearly broken to the upside to resume the bullish phase testing 1.0055 area.

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