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Articles by Setyo Wibowo

March 25th, 2019 @ 4:32 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD attempted to push higher last week, slipped above 1.1400 but whipsawed to the downside and closed lower at 1.1301, printed a bearish pin bar on weekly chart. The bias is bearish in nearest term testing 1.1215 key support area which is a good place to buy with a tight stop loss as a clear break below 1.1215 would resume the major bearish trend testing 1.1125/00 or lower. Immediate resistance is seen around 1.1335. A clear break above that area could lead price to neutral zone in nearest term retesting 1.1400 region but key resistance remains at 1.1500 – 1.1570 which remains a good place to sell.

eurusddaily

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March 25th, 2019 @ 4:31 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push lower last week bottomed at 1.3004 but whipsawed to the upside and closed higher at 1.3208 after rejected to move below 1.3000 key support as you can see on my daily chart below. The bias is neutral in nearest term. Immediate support is seen around 1.3140. A clear break and daily close below that area could trigger further bearish pressure testing 1.3080 – 1.3000 region. Immediate resistance is seen around 1.3225. A clear break above that area could trigger further bullish pressure testing 1.3300 but key resistance remains at 1.3365 which need to be clearly broken to the upside to resume the major bullish trend.

gbpusddaily

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March 25th, 2019 @ 4:28 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a strong bearish momentum last week bottomed at 109.73 after unable to break above 112.00 and fell back below the D1 EMA 200 as you can see on my daily chart below. This bullish failure invalidates the bullish scenario. My major technical outlook is neutral but short-term bias is bearish targeting 108.45 area. On the upside, we need a clear break back above 111.00 to give the bullish scenario another chance.

usdjpydaily

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March 25th, 2019 @ 4:26 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF continued its bearish momentum last week bottomed at 0.9894 but closed a little bit higher at 0.9933. The bias is neutral in nearest term. I still prefer a bearish scenario at this phase but need a clear break and consistent move below 0.9900 to resume the bearish run testing 0.9850 – 0.9800 region. Immediate resistance is seen around 0.9985. A clear break and daily close above that area would retest 1.0095 key resistance area which remains a good place to sell.

usdchfdaily

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March 22nd, 2019 @ 4:31 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.1342. Price is still in a bullish phase since the false break below 1.1215 but we have something interesting here, another potential false breakout above 1.1400 as you can see on my daily chart below, which could trigger another bearish pressure. The bias is bearish in nearest term testing 1.1315/00 region. On the upside, we need a clear break and consistent movement above 1.1400 to resume the bullish phase retesting 1.1500 – 1.1570 key resistance area which remains a good place to sell.  Note that the major bearish trend remains valid.

eurusddaily

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March 22nd, 2019 @ 4:30 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.3004 but closed significantly higher at 1.3114. As long as stay below 1.3365 price is still in a bearish correction phase but need a break below 1.3000 key support to resume the bearish move. The bias is neutral in nearest term probably with a little bearish bias retesting 1.3000 support area which is a good place to buy with a tight stop loss as a clear break back below 1.3000 would invalidate the bullish outlook. Immediate resistance is seen around 1.3210. A clear break and daily close above that area would retest 1.3365 key resistance area.

gbpusddaily

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March 22nd, 2019 @ 4:30 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 110.30 but closed higher at 110.84. The bias is neutral in nearest term. Immediate resistance is seen around 111.00. A clear break and daily/weekly close above that area would reactivate my bullish mode testing 112.00 – 113.15 next week. On the downside, a clear break and daily/weekly close below 110.00 would expose 108.45 region.

usdjpydaily

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March 22nd, 2019 @ 4:29 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bearish phase since rejected above 1.0095 key resistance, but note that we need a clear break below 0.9900 to resume the bearish phase. As you can see on my daily chart below, the last time price rejected below 0.9900 and the D1 EMA 200, we saw some nice bullish pullback to 1.0095 area. Immediate resistance is seen around 0.9945. A clear break and daily/weekly close above that area would expose 0.9985 or higher next week.

usdchfdaily

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