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2018 July

July 18th, 2018 @ 4:08 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD attempted to push higher yesterday topped at 1.1744 but whipsawed to the downside and closed lower at 1.1660. The bias is bearish in nearest term especially if price able to make a clear break below 1.1650 testing 1.1600 – 1.1550 area as a part of the H&S bearish scenario. Immediate resistance is seen around 1.1695. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear testing 1.1750 area.

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July 18th, 2018 @ 4:04 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.3068. The bearish pin bar at the EMA 200 as you can see on my H4 chart below gave a valid bearish signal. The bias is bearish in nearest term testing 1.3050 – 1.3000 key support area which is a good place to buy with a tight stop loss as a clear break below 1.3000 could trigger further bearish scenario exposing 1.2750 area. Immediate resistance is seen around 1.3150. A clear break above that area could lead price to neutral zone in nearest term testing 1.3200 area.

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July 18th, 2018 @ 4:02 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY continued its bullish momentum yesterday as I had expected, topped at 112.92 and hit 113.07 earlier today in Asian session. The bias is bullish in nearest term testing 113.70 – 114.00 area. Immediate support is seen around 112.65. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 111.40 I remain bullish and any downside pullback should be seen as a good opportunity to buy.

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July 18th, 2018 @ 4:00 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push lower yesterday bottomed at 0.9926 but whipsawed to the upside and closed higher above 1.0000 after bounced-off the EMA 200 as you can see on my H4 chart below. The bias is bullish in nearest term retesting 1.0055 region which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9985. A clear break below that area could lead price to neutral zone in nearest term retesting the EMA 200 area located around 0.9925.

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July 17th, 2018 @ 4:14 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD had a moderate bullish momentum yesterday slipped above 1.1695 and hit 1.1725. The bias is bullish in nearest term testing 1.1750 – 1.1790 region. The H&S formation technical target has been reached so a bullish pullback should not be a surprise and I am not in a bullish mode. Not yet. Immediate support is seen around 1.1695. A clear break back below that area could lead price to neutral zone in nearest term testing 1.1650 support area which need to be clearly broken to the downside to reactivate my bearish mode targeting 1.1600 region.

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July 17th, 2018 @ 4:13 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.3292 but closed lower at 1.3234. The bias is neutral in nearest term. We have a bearish pin bar printed at EMA 200 as you can see on my H4 chart below suggests a potential bearish pressure testing 1.3200 support area. A clear break and daily close below 1.3200 would retest 1.3100 region. Immediate resistance is seen around 1.3315. A clear break and daily close above that area would retest 1.3360 or higher.

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July 17th, 2018 @ 4:12 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias but only a clear break back below 111.40 would invalidate my bullish mode. Immediate resistance is seen around 112.60. A clear break above that area could trigger further bullish pressure testing 113.00 or higher. Immediate support is seen around 112.20. A clear break below that area could trigger further bearish pressure testing 111.40 support area.

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July 17th, 2018 @ 4:07 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday, slipped back below 0.9980 support area as you can see on my H4 chart below. This fact confirms my false breakout bearish scenario targeting 0.9855 area. Immediate resistance is seen around 1.0015. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear retesting 1.0055 key resistance area.

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