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2019 January

January 31st, 2019 @ 4:48 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bullish momentum yesterday topped at 1.1501 and hit 1.1508 earlier today in Asian session. The bias is bullish in nearest term testing 1.1570 but note that 1.1500 – 1.1570 region remains a key resistance and good place to sell with a tight stop loss above 1.1570 as a clear break and daily close above that area would invalidate the major bearish trend with nearest bullish target seen around 1.1800. Immediate support is seen around 1.1450. A clear break below that area could lead price to neutral zone in nearest term testing 1.1400 or lower.

eurusddaily

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January 31st, 2019 @ 4:45 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD regained its bullish momentum yesterday topped at 1.3145. The bias is bullish in nearest term testing 1.3175 – 1.3200 region. Immediate support is seen around 1.3090. A clear break below that area could lead price to neutral zone in nearest term testing 1.3050 region but as long as stay above 1.3000 I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.3175 – 1.3200 would target 1.3300 region.

gbpusddaily

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January 31st, 2019 @ 4:43 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 108.80 and hit 108.77 earlier today. The bias is bearish in nearest term especially if price able to make a clear break below 108.75 testing 107.60 region. Immediate resistance is seen around 109.30. A clear break above that area could lead price to neutral zone in nearest term testing 110.00 region  which remains a good place to sell with a tight stop loss as a clear break above that area would resume the bullish pin bar scenario testing 111.25 region.

usdjpydaily

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January 31st, 2019 @ 4:40 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push higher yesterday topped at 0.9994 but whipsawed to the downside and closed lower at 0.9942 and hit 0.9922 earlier today. The bias is bearish in nearest term testing 0.9900 support area which is a good place to buy with a tight stop loss as a clear break back below that area could invalidate the bullish phase testing 0.9800 – 0.9750 region. Immediate resistance is seen around 0.9960. A clear break above that area could lead price to neutral zone in nearest term testing 1.0000 – 1.0050 region.

usdchfh4

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January 30th, 2019 @ 4:06 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Key resistance remains at 1.1500 – 1.1570 area which remains a good place to sell with a tight stop loss as a clear break above 1.1570 would invalidate the major bearish trend. Immediate support is seen around 1.1390. A clear break and daily close below that area could trigger further bearish pressure testing 1.1350/35 but key support remains at 1.1270 – 1.1215 region which need to be clearly broken to the downside to resume the major bearish trend.

eurusddaily

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January 30th, 2019 @ 4:04 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was corrected lower yesterday bottomed at 1.3056. The bias is bearish in nearest term but as long as stay above 1.3000 I remain bullish and any downside pullback should be seen as a good opportunity to buy. Immediate resistance is seen around 1.3130. A clear break above that area could lead price to neutral zone in nearest term testing 1.3175 – 1.3200 before testing 1.3300 area. On the downside, a clear break and consistent movement back below 1.3000 would be a serious threat to the bullish outlook and activate my “wait and see” mode.

gbpusddaily

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January 30th, 2019 @ 4:02 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY didn’t make significant movement yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 108.75 area. Immediate resistance is seen around 109.50. A clear break above that area could trigger further bullish pressure retesting 110.00 region which remains a good place to sell. On the downside, a clear break and daily close below 108.75 would retest 107.60 region.

usdjpydaily

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January 30th, 2019 @ 4:00 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 0.9957. This fact keeps the bullish phase alive and kicking. The bias is bullish in nearest term testing 1.0000 – 1.0050 area. Immediate support is seen around 0.9930. A clear break below that area could lead price to neutral zone in nearest term testing 0.9900 key support area which need to be clearly broken to the downside to invalidate the bullish phase.

usdchfh4

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