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2018 July

July 26th, 2018 @ 2:53 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.1738 and hit 1.1743 earlier today in Asian session. The bias is bullish in nearest term. Price is now at the upper line of the triangle as you can see on my H4 chart below, which is a good place to sell with a tight stop loss above 1.1750 as a clear break above the triangle would expose 1.1850 region. Immediate support is seen around 1.1700. A clear break below that area could lead price to neutral zone in nearest term testing 1.1650. On the downside, key support remains at 1.1500 region which need to be clearly broken to the downside to resume the major bearish trend.

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July 26th, 2018 @ 2:52 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday topped at 1.3200 and hit 1.3213 earlier today in Asian session. Price slipped above the bearish channel as you can see on my H4 chart below which is a serious threat to the major bearish trend. The bias remains bullish in nearest term testing 1.3300 region. Immediate support is seen around 1.3150. A clear break below that area could lead price to neutral zone in nearest term but would create a false breakout bearish scenario testing 1.3070 or lower.

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July 26th, 2018 @ 2:51 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had another indecisive movement yesterday but slipped below the low of the mother bar (110.75) as you can see on my daily chart below. This fact not only creates a bearish signal but also invalidates the bullish pin bar scenario. The bias is bearish in nearest term testing 110.00 region (daily EMA 200). Immediate resistance is seen around 111.15. A clear break above that area could lead price to neutral zone in nearest term testing 111.55 area.

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July 26th, 2018 @ 2:50 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9907 and hit 0.9903 earlier today in Asian session. The bias is bearish in nearest term testing 0.9875 – 0.9855 area but key support remains at 0.9785 area which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 0.9930. A clear break above that area could lead price to neutral zone in nearest term testing 0.9955 region.

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July 25th, 2018 @ 3:28 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. From another technical perspective as you can see on my H4 chart below, price is moving inside a triangle formation suggests a consolidation phase. Immediate resistance is seen around the upper line of the triangle located around 1.1750 region. A clear break and daily close above that area would be a serious threat to the major bearish trend testing 1.1790 – 1.1850 area. Immediate support is seen around 1.1650. A clear break and daily close below that area would expose 1.1600 – 1.1575 support area but key support remains around 1.1500 which need to be clearly broken to the downside to resume the major bearish trend.

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July 25th, 2018 @ 3:25 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.3159. The bias is bullish in nearest term testing the upper line of the bearish channel located around 1.3200 which is a good place to sell with a tight stop loss. Immediate support is seen around 1.3070. A clear break below that area could lead price to neutral zone in nearest term retesting 1.3000 psychological level which remains a good place to buy with a tight stop loss as a clear break below that level would resume the major bearish trend testing 1.2750.

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July 25th, 2018 @ 3:24 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. We have an inside bar following a bullish pin bar as you can see on my daily chart below, which is a very interesting fact. A clear break above 111.55 would confirm the bullish pin bar scenario targeting 112.00 or higher. On the other hand, a clear break below 110.75 would invalidate the bullish pin bar scenario and resume the bearish run with nearest target seen around 110.00 (daily EMA 200).

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July 25th, 2018 @ 3:23 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push higher yesterday topped at 0.9954 but closed a little bit lower at 0.9935 in a thin market condition. The bias is neutral in nearest term. Price is still trapped inside a range area between 1.0055 – 0.9785 as you can see on my H4 chart below. Immediate resistance is seen around 0.9954 (yesterday’s high). A clear break above that area could trigger further bullish pressure testing 1.0000 area but key resistance remains at 1.0055 region which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9900. A clear break below that area could trigger further bearish pressure testing 0.9855 – 0.9785 support area which is a good place to buy with a tight stop loss.

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