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2018 December

December 28th, 2018 @ 4:06 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bullish momentum yesterday topped at 1.1454 and hit 1.1466 earlier today in Asian session. The bias is bullish in nearest term testing 1.1500 – 1.1550 key resistance area which is a good place to sell with a tight stop loss above 1.1600 as a clear break above that area would invalidate the major bearish outlook. Immediate support is seen around 1.1425 (current low). A clear break below that area could lead price to neutral zone in nearest term testing 1.1400 – 1.1365 region. Overall price is still trapped between 1.1500 – 1.1215 range area for two months now and we need a clear break from that range area to see clearer direction.

eurusddaily

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December 28th, 2018 @ 4:05 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term. The tweezer bottom and bullish engulfing scenario remains valid but need a clear break above 1.2700 key resistance to resume the bullish correction testing 1.2875 region. Immediate support is seen around 1.2615. A clear break below that area could trigger further bearish pressure testing 1.2570 but key support remains at 1.2485 which need to be broken to the downside to invalidate the tweezer bottom and bullish engulfing scenario and resume the major bearish trend.

gbpusddaily

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December 28th, 2018 @ 4:02 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 110.45 but closed higher at 110.95. The pair traded lower earlier today in Asian session hit 110.52 which keeps the bearish phase since broke below the trend line support remains strong targeting 110.00 – 109.20 area. The bias is bearish in nearest term. Immediate resistance is seen around 111.00. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 112.50 I remain bearish.

usdjpydaily

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December 28th, 2018 @ 4:00 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday, slipped below the neckline of the H&S formation as you can see on my daily chart below. The bias is bearish in nearest term but note that we need a consistent move below 0.9860 to confirm the H&S bearish scenario targeting 0.9750 region. Immediate resistance is seen around 0.9885. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear.

usdchfdaily

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December 27th, 2018 @ 4:48 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bearish momentum yesterday bottomed at 1.1342 but traded higher earlier today in Asian session hit 1.1386. The bias is neutral in nearest term. Immediate resistance is seen around 1.1418. A clear break and daily close above that area would expose 1.1500 – 1.1550 key resistance area which remains a good place to sell. Immediate support is seen around 1.1350. A clear break below that area could trigger further bearish pressure testing 1.1300 but key support remains at 1.1270 – 1.1215 area which need to be clearly broken to the downside to resume the major bearish trend.

eurusddaily

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December 27th, 2018 @ 4:43 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.2630 but traded a little bit higher earlier today in Asian session hit 1.2664. The bias is neutral in nearest term. The tweezer bottom and bullish engulfing scenario remains valid but need a clear break above 1.2700 key resistance area to resume the bullish correction targeting 1.2875 region. Immediate support is seen around 1.2625. A clear break below that area could trigger further bearish pressure testing 1.2570 region but key support remains at 1.2485 which need to be broken to the downside to invalidate the tweezer bottom and bullish engulfing scenario and resume the major bearish trend.

gbpusddaily

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December 27th, 2018 @ 4:42 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 111.40 but traded lower earlier today in Asian session hit 110.85. The bias is neutral in nearest term but overall I remain bearish after the pair broke below the trend line support and D1 EMA 200 targeting 110.00 – 109.20 region. Immediate support is seen around 110.80. A clear break below that area could trigger further bearish pressure testing 110.25/00 region. Immediate resistance is seen around 111.40. A clear break and daily close above that area would interrupt the bearish phase but only a clear break back above 112.50 would invalidate the bearish outlook.

usdjpydaily

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December 27th, 2018 @ 4:41 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 0.9963 but traded a little bit lower earlier today in Asian session hit 0.9919. The bias is neutral in nearest term. The H&S scenario remains valid but need a clear break below 0.9860 (neckline, EMA 200) to confirm the bearish scenario testing 0.9750 area. On the upside, only a clear break above 1.0005 would invalidate the H&S scenario retesting 1.0095 region.

usdchfdaily

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