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2018 July

July 16th, 2018 @ 4:05 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD had another indecisive movement last week. Price attempted to push lower bottomed at 1.1613 but whipsawed to the upside and closed higher at 1.1685. The bias is neutral in nearest term. Immediate resistance is seen around 1.1695. A clear break above that area could trigger further bullish pressure testing 1.1750 or higher. Immediate support is seen around 1.1650. A clear break below that area would keep the bearish phase (triggered by H&S formation) strong testing 1.1600 region.

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July 16th, 2018 @ 4:03 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive last week. Price attempted to push lower bottomed at 1.3102 but whipsawed to the upside and closed higher back above 1.3200. The bias is bullish in nearest term testing 1.3315 region. Immediate support is seen around 1.3200. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear testing 1.3150 area.

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July 16th, 2018 @ 3:56 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a significant bullish momentum last week, slipped above the bearish channel as you can see on my daily chart below. The bias remains bullish in nearest term testing 113.00 area. Immediate support is seen around 112.20. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below 111.40 support area would invalidate the bullish outlook. On the upside, a clear break and daily close above 113.00 would expose 114.00/70 area.

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July 16th, 2018 @ 3:54 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bullish momentum last week slipped above 1.0055 key resistance but close a little bit lower at 1.0016. The bias is neutral in nearest term probably with a little bearish bias testing 0.9980 support area. A clear break and daily close below that area would create a false breakout bearish scenario retesting 0.9855 support area. On the upside, a clear break and daily close above 1.0055 would resume the bullish phase testing 1.0170 region.

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July 13th, 2018 @ 3:27 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD was indecisive yesterday. Overall price is still able to maintain its bearish bias but trapped between 1.1695 – 1.1650 range area as you can see on my H1 chart below. Although the technical target of the H&S formation has been reached, I still prefer a bearish scenario and expecting a clear break below 1.1650 to resume the bearish phase targeting 1.1600. On the upside, a clear break back above 1.1695 would be a serious threat to the bearish scenario testing 1.1725/50 region. On the downside, a clear break and daily/weekly close below 1.1600 would retest 1.1510/00 key support next week.

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July 13th, 2018 @ 3:26 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias since rejected above the H4 EMA 200 as you can see on my H4 chart below, keep printing lower highs and lows on daily chart, hit 1.3169 earlier today in Asian session. The bias remains bearish in nearest term testing 1.3100 – 1.3050 support area. Immediate resistance is seen around 1.3225. A clear break above that area could lead price to neutral zone in nearest term testing 1.3275 region.

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July 13th, 2018 @ 3:24 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 112.62 and hit 112.76 earlier today in Asian session. The bias remains bullish in nearest term testing 113.00 – 113.50 region. Immediate support is seen around 112.35. A clear break below that area could lead price to neutral zone in nearest term testing 111.85 area but only a clear break back below 111.40 would interrupt the current strong bullish outlook.

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July 13th, 2018 @ 3:20 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a significant bullish momentum yesterday, broke above the range area as you can see on my H4 chart below, topped at 1.0027 and hit 1.0034 earlier today in Asian session. The bias is bullish in nearest term testing 1.0055. Immediate support is seen around 0.9980. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear testing 0.9950 region.

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