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2018 August

August 31st, 2018 @ 3:57 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.1641. The bias is bearish in nearest term. Price is now traded at the trend line support as you can see on my H4 chart below, which is a good place to buy with a tight stop loss below 1.1600 area with nearest target seen around 1.1750. Immediate resistance is seen around 1.1680. A clear break above that area could lead price to neutral zone in nearest term testing 1.1750 region. On the downside, a clear break below 1.1600 would invalidate the current bullish phase. My major technical outlook remains neutral.

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August 31st, 2018 @ 3:56 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias remains bullish in nearest term as a part of the bullish scenario after broke above the bearish channel as you can see on my H4 chart below. Immediate support remains at 1.2975. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 1.2920 I still prefer a bullish scenario at this phase with nearest target seen around 1.3100 area.

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August 31st, 2018 @ 3:45 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday bottomed at 110.95 and hit 110.88 earlier today in Asian session. The bias is bearish in nearest term. The pair is now traded near the trend line support located around 110.75 as you can see on my daily chart below. A clear break below that area could trigger further bearish pressure testing 110.25/00 support area. Immediate resistance is seen around 111.15. A clear break above that area could lead price to neutral zone in nearest term testing 111.50 area.

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August 31st, 2018 @ 3:33 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9686 and hit 0.9676 earlier today in Asian session. The bias remains bearish in nearest term testing 0.9650 – 0.9600 region. Immediate resistance is seen around 0.9715. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 0.9785 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

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August 30th, 2018 @ 4:28 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD was indecisive yesterday but overall still able to maintain its bullish bias so far. The bias is bullish in nearest term testing 1.1750 region. Immediate support is seen around 1.1650. A clear break below that area could lead price to neutral zone in nearest term but only a clear break below 1.1600 could interrupt the current strong bullish phase. On the upside, a clear break and daily close above 1.1750 would expose 1.1852 region (June high). My major technical outlook remains neutral.

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August 30th, 2018 @ 4:27 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a significant bullish momentum yesterday broke above the bearish channel as you can see on my H4 chart below, topped at 1.3032 and hit 1.3038 earlier today in Asian session. This fact invalidates the major bearish trend. The bias is bullish in nearest term testing 1.3100 region. Immediate support is seen around 1.2975. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 1.2920/00 region price is still in a valid bullish phase.

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August 30th, 2018 @ 4:25 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 111.82. The bias is bullish in nearest term testing 112.15 region. Immediate support is seen around 111.50. A clear break below that area could lead price to neutral zone in nearest term testing 111.00 area but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 112.15 would retest 113.00 region.

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August 30th, 2018 @ 4:24 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9702. The bias remains bearish in nearest term testing 0.9650 – 0.9600 region. Immediate resistance is seen around 0.9745. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 0.9785 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

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