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2019 March

March 29th, 2019 @ 4:38 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD continued its bearish momentum yesterday, bottomed at 1.1213. The bias remains bearish in nearest term but note that 1.1215 area remains a key support and good place to buy with a tight stop loss as a clear break and daily/weekly close below 1.1215 would resume the major bearish trend testing 1.1125/00 or lower next week. Immediate resistance is seen around 1.1260. A clear break above that area could lead price to neutral zone in nearest term but could mean another rejection below 1.1215 which could create another bullish pullback testing 1.1300 or higher.

eurusddaily

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March 29th, 2019 @ 4:37 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.3034 after unable to break above 1.3210/45 resistance area as you can see on my daily chart below. The bias is bearish in nearest term testing 1.3000 key support area which is a good place to buy with a tight stop loss as a clear break and daily/weekly close below 1.3000 would invalidate the major bullish trend testing 1.2800 region next week.

gbpusddaily

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March 29th, 2019 @ 4:35 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 110.01 but whipsawed to the upside, closed higher at 110.63 and hit 110.92 earlier today in Asian session. The bias is bullish in nearest term testing 111.00. A clear break and daily/weekly close above that area would at least target 112.00 region next week. Immediate support is seen around 110.50. A clear break below that area could lead price to  neutral zone in nearest term retesting 110.00 support area.

usdjpydaily

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March 29th, 2019 @ 4:33 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bullish bias testing 0.9985 area. Immediate support is seen around 0.9940. A clear break below that area could trigger further bearish pressure testing 0.9900 key support area. On the upside, a clear break and daily/weekly close above 0.9985 would retest 1.0095 key resistance area next week.

usdchfdaily

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March 28th, 2019 @ 5:15 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD continued its bearish momentum yesterday, bottomed at 1.1241. The bias remains bearish in nearest term testing 1.1215 key support area which remains a good place to buy with a tight stop loss as a clear break and daily close below that area would resume the major bearish trend testing 1.1125/00 or lower. Immediate resistance is seen around 1.1285. A clear break above that area could lead price to neutral zone in nearest term testing 1.1335/50 region or higher.

eurusddaily

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March 28th, 2019 @ 5:14 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.3268 but whipsawed to the downside and closed lower at 1.3159. The pair traded a little bit higher at the time I am writing this comment at around 1.3190 level. The bias is neutral in nearest term. My major bullish outlook remains valid but as long as 1.3210/45 resistance area holds, we may see other bearish pressures retesting 1.3000 key support area. On the other hand, a clear break and daily close above 1.3210/45 resistance are would retest 1.3365 key resistance area.

gbpusddaily

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March 28th, 2019 @ 5:13 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday and hit 110.11 earlier today in Asian session. The bias is bearish in nearest term testing 110.00 support area. A clear break and daily close below that area would expose 118.45 region. Immediate resistance is seen around 110.50. A clear break above that area could lead price to neutral zone in nearest term testing 111.00 area. Overall I remain neutral for this pair.

usdjpydaily

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March 28th, 2019 @ 5:12 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. Price attempted to push lower, bottomed at 0.9905 but closed higher and hit 0.9954 earlier today in Asian session. The bias is neutral in nearest term probably with a little bullish bias testing 0.9985 area. A clear break and daily close above that area could trigger further bullish pressure testing 1.0095 key resistance area. On the downside, 0.9900 remains a key support. A clear break and daily close below that area would expose 0.9850/00 region.

usdchfdaily

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