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February 21st, 2019 @ 4:27 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD was indecisive yesterday. The bias remains bullish in nearest term testing1.1400 region as a part of the bullish pin bar scenario after bounced-off 1.1270 – 1.1215 key support area as you can see on my daily chart below. Immediate support is seen around 1.1310. A clear break below that area could lead price to neutral zone in nearest term testing 1.1270 – 1.1215 key support area which remains a good place to buy with a tight stop loss below 1.1215 as a clear break below 1.1215 would resume the major bearish trend testing 1.1125 region or lower. On the upside, a clear break and daily close above 1.1400 would retest 1.1500 – 1.1570 key resistance area which remains a good place to sell.

eurusddaily

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February 21st, 2019 @ 4:26 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias remains bullish in nearest term testing 1.3150 – 1.3210 region. Immediate support is seen around 1.3000. A clear break and daily close back below that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I am neutral on this pair for now. A break above 1.3210 would activate my bullish mode. On the other hand, a clear break back below 1.2800 would reactivate my bearish mode.

gbpusddaily

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February 21st, 2019 @ 4:25 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a moderate bullish momentum yesterday topped at 110.94. It’s been a slow market this week with only 50 pips movement since Monday. The bias is neutral in nearest term. Key resistance remains at 111.00 region which is a good place to sell with a tight stop loss as a clear break and daily close above that area would resume the bullish pin bar scenario testing 112.00 or higher. Immediate support is seen around 110.50. A clear break below that area could trigger further bearish pressure testing 110.00 or lower.

usdjpydaily

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February 21st, 2019 @ 4:24 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias remains bearish in nearest term but note that we need a clear break and daily close below 0.9985 support area to resume the bearish run testing 0.9900 area. Immediate resistance is seen around 1.0040. A clear break above that area could lead price to neutral zone in nearest term retesting 1.0095 key resistance area which remains a good place to sell with a tight stop loss as a clear break above 1.0095 would expose 1.0150/70 region.

usdchfdaily

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February 20th, 2019 @ 4:23 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD attempted to push lower yesterday, bottomed at 1.1275 but whipsawed to the upside and closed higher at 1.1339. These facts confirm two things. First, 1.1270 – 1.1215 region remains a key and strong support and good place to buy. Secondly, the bullish pin bar scenario is valid targeting higher resistances. The bias is bullish in nearest term testing 1.1400 region. A clear break and daily close above that area would retest 1.1500 – 1.1570 key resistance area which remains a good place to sell (note that the major trend remains bearish). Immediate support is seen around 1.1310. A clear break below that area could lead price to neutral zone in nearest term testing 1.1270 – 1.1215 key support area.

eurusddaily

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February 20th, 2019 @ 4:22 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a strong and significant bullish momentum yesterday, broke above 1.3000 and the D1 EMA 200 following a bounce off 1.2800 support area as you can see on my daily chart below. This fact gives the bullish scenario another chance. The bias is bullish in nearest term testing 1.3150 – 1.3210 region. Immediate support is seen around 1.3000. A clear break and daily close back below that area could lead price to neutral zone in nearest term as direction would become unclear.

gbpusddaily

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February 20th, 2019 @ 4:21 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had another insignificant movement yesterday. The bias remains bearish in nearest term testing 110.00 region. A clear break and daily close below that area could trigger further bearish pressure testing 109.50/00 region or lower. On the upside, a clear break and daily close above 111.00 (D1 EMA 200) would resume the bullish pin bar scenario testing 112.00/20 area or higher.

usdjpydaily

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February 20th, 2019 @ 4:19 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bearish momentum yesterday as expected, bottomed at 1.0001. The bias remains bearish in nearest term testing 0.9985. A clear break and daily close below that area would test 0.9900 region (D1 EMA 200). Immediate resistance is seen around 1.0040. A clear break above that area could lead price to neutral zone in nearest term retesting 1.0095 key resistance area which remains a good place to sell with a tight stop loss as a clear break above 1.0095 would expose 1.0150/70 region.

usdchfdaily

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