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2018 September

September 28th, 2018 @ 5:57 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD finally broke below 1.1725 support area yesterday, bottomed at 1.1639 and hit 1.1633 earlier today in Asian session. This fact gives further confirmation to the bearish pin bar scenario. The bias is bearish in nearest term testing 1.1585 – 1.1530 area.  Immediate resistance is seen around 1.1690. A clear break above that area could lead price to neutral zone in nearest term testing 1.1725 area which is a good place to sell with a tight stop loss as a clear break back above 1.1725 would activate my “wait and see” mode as direction would become unclear. On the downside, a clear break and daily/weekly close below 1.1530 would retest 1.1300 next week.

eurusddaily

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September 28th, 2018 @ 5:56 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.3074 after a false break above 1.3175 resistance area as you can see on my H4 chart below. This fact keeps the bearish phase since broke below the bullish channel alive and kicking. The bias is bearish in nearest term testing 1.3050 – 1.3000 region.  Immediate resistance is seen around 1.3140. A clear break above that area could lead price to neutral zone in nearest term but only a clear break above 1.3175 would invalidate the current bearish phase. My major technical outlook remains neutral.

gbpusdh4

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September 28th, 2018 @ 5:53 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 113.46 and hit 113.64 earlier today in Asian session. The bias is bullish in nearest term testing 114.00 area. Immediate support is seen around 113.00. A clear break back below that area could lead price to neutral zone in nearest term but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily/weekly close above 114.00 would expose 114.70 region next week.

usdjpydaily

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September 28th, 2018 @ 5:50 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a strong bullish momentum yesterday, broke above the bearish channel and topped at 0.9783. The bias is bullish in nearest term but note that 0.9785 region remains a key resistance and good place to sell with a tight stop loss as a clear break and daily/weekly close above that level would invalidate my bearish outlook and turn my short-term outlook to a bullish bias targeting 0.9870 area. Immediate support is seen around 0.9700. A clear break and daily/weekly close back below that area would keep the bearish outlook intact.

usdchfh4

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September 27th, 2018 @ 4:37 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD had another indecisive movement yesterday. Price is still trapped between 1.1815 – 1.1725 range area which need to be clearly broken to see clearer direction. The bearish pin bar scenario remains valid but need a clear break below 1.1725 to confirm the bearish scenario testing 1.1650/00 region or lower. On the upside, a clear break above 1.1815 would invalidate the bearish pin bar scenario and expose 1.1900 region or higher.

eurusddaily

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September 27th, 2018 @ 4:36 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The pair attempted to push higher topped at 1.3217 but closed lower at 1.3164 and hit 1.3141 earlier today in Asian session. The Cable is not able to stay consistently above 1.3175 resistance area so far which keeps the bearish view after broke below the bullish channel intact. The bias is neutral in nearest term. Immediate support is seen around 1.3135. A clear break below that area could trigger further bearish pressure testing 1.3050 region. On the upside, a clear break and daily close above 1.3175-1.3200 region would retest the daily EMA 200 and 1.3300 region. Overall I remain neutral.

gbpusdh4

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September 27th, 2018 @ 4:34 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 112.63 after rejected above 113.00 as you can see on my daily chart below. The bias is bearish in nearest term testing 112.15/00 area. Overall I remain bullish but need a clear break above 113.00 to resume the bullish scenario targeting 114.50/75 area. On the downside, a clear break and daily close below 112.15/00 would retest the trend line support area and 111.00 region.

usdjpydaily

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September 27th, 2018 @ 4:29 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was volatile but indecisive yesterday. The pair attempted to push higher, slipped above the bearish channel but the bullish pressure was short-lived as price is moving back inside the channel after bounced-off 0.9700 resistance area. The bias is neutral in nearest term. Immediate support is seen around 0.9623 (yesterday’s low). A clear break and daily close below that area would expose 0.9580 – 0.9535 region. On the upside, a clear break and daily close above 0.9700 would be a threat to the bearish outlook but only a clear break above 0.9785 would invalidate my bearish bias.

usdchfh4

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