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2019 February

February 28th, 2019 @ 4:57 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD bullish momentum stalled yesterday, bottomed at 1.1361. The bias is neutral in nearest term but overall price is still in a bullish phase since the appearance of the bullish pin bar at 1.1215 – 1.1270 key support area as you can see on my daily chart below. Immediate support is seen around 1.1350. A clear break below that area could trigger further bearish pressure testing 1.1270 – 1.1215 key support area which remains a good place to buy. Immediate resistance is seen around 1.1400. A clear break above that area could trigger further bullish pressure testing 1.1425 – 1.1450 area but key resistance remains at 1.1500 – 1.1570 which is a good place to sell.

eurusddaily

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February 28th, 2019 @ 4:56 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday topped at 1.3349. The bias remains bullish in nearest term testing 1.3365 region. A clear break and daily close above that area would expose 1.3470 region. Immediate support is seen around 1.3210. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 1.3000 I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.

gbpusddaily

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February 28th, 2019 @ 4:55 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 111.06. The bias is bullish in nearest term but note that 111.00 area remains a good place to sell with a tight stop loss as a clear break above 111.00 would resume the bullish pin bar scenario testing 112.00 or higher. Immediate support is seen around 110.65. A clear break below that area could lead price to neutral zone in nearest term testing 110.00 region.

usdjpydaily

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February 28th, 2019 @ 4:53 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push lower yesterday, slipped below 0.9985 support area but whipsawed to the upside and closed higher at 1.0014. The bias is neutral in nearest term. Overall I still prefer a bearish scenario but we need a clear break below 0.9985 to resume the bearish phase testing 0.9900. Immediate resistance is seen around 1.0015/25. A clear break above that area could trigger further bullish pressure testing 1.0095 region which remains a key resistance and good place to sell.

usdchfdaily

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February 27th, 2019 @ 6:11 am by Setyo Wibowo

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EURUSD Forecast
As expected, the EURUSD had a bullish momentum yesterday topped at 1.1402 but traded a little bit lower earlier today in Asian session hit 1.1377. The bias remains bullish in nearest term testing 1.1425 area. Immediate support is seen around 1.1365. A clear break below that area could lead price to neutral zone in nearest term testing 1.1335 but key support remains at 1.1270 – 1.1215 region which remains a good place to buy with a tight stop loss below 1.1215 as a clear break below that area would resume the major bearish trend after four months of consolidation movement between 1.1570 – 1.1215 range area. On the upside, a clear break and daily close above 1.1425 would retest 1.1500 – 1.1570 key resistance area which is a good place to sell.

eurusddaily

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February 27th, 2019 @ 5:34 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday topped at 1.3287. The bias remains bullish in nearest term testing 1.3365 region. Immediate support is seen around 1.3210. A clear break below that area could lead price to neutral zone in nearest term testing 1.3150 region but as long as stay above 1.3000 I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.

gbpusddaily

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February 27th, 2019 @ 5:33 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 110.42. The bias is bearish in nearest term testing 110.00 area. On the upside, 111.00 region remains a key resistance and good place to sell with a  tight stop loss as a clear break above 111.00 would resume the bullish pin bar scenario testing 112.00 or higher.

usdjpydaily

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February 27th, 2019 @ 5:32 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term. Overall I still prefer a bearish scenario at this phase but need a clear break below 0.9985 to resume the bearish run testing 0.9900 region. Immediate resistance is seen around 1.0025. A clear break above that area could trigger further bullish pressure testing 1.0095 region which remains a key resistance and good place to sell.

usdchfdaily

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