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August 7th, 2018 @ 4:28 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2920. Psychological level at 1.3000 has been broken convincingly, suggest a major bearish trend continuation scenario targeting 1.2750 area. The bias remains bearish in nearest term testing 1.2900 – 1.2850 region. Immediate resistance is seen around 1.2975. A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 region but as long as stay inside the bearish channel I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

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August 7th, 2018 @ 4:24 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. Immediate resistance is seen around 111.55. A clear break and daily close above that area could trigger further bullish pressure testing 112.00 region but key resistance remains at 113.00 area. Immediate support is seen around 111.10 area. A clear break below that area could trigger further bearish pressure testing 110.75 key support which need to be clearly broken to the downside to reactivate my bearish mode testing 110.00 or lower.

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May 23rd, 2018 @ 2:38 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY didn’t make significant movement yesterday, but traded lower earlier today in Asian session hit 110.41. I still prefer a bullish scenario, but this fact confirms the bearish pin bar scenario testing 110.00 region. The bias is bearish in nearest term. Immediate resistance is seen around 111.00. A clear break above that area could lead price to neutral zone in nearest term but only a clear break above 111.50 would invalidate the bearish pin bar scenario and resume the bullish trend testing 112.75 area.

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April 26th, 2018 @ 1:35 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY regained its bullish momentum yesterday topped at 109.44. The bias is bullish in nearest term testing the daily EMA 200 located around 109.50 region. A clear break above that area would expose 110.50 resistance area. Immediate support is seen around 109.00. A clear break back below that area could lead price to neutral zone in nearest term testing 108.50 support area but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. My major technical outlook remains neutral.

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April 25th, 2018 @ 4:51 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bearish short-term bias following a break above the bearish channel as you can see on my daily chart below. The bias is neutral in nearest term but I still prefer a bullish scenario at this phase with nearest target seen at 109.50 (daily EMA 200). Immediate support is seen around 108.50. A clear break below that area would interrupt the current bullish phase testing 107.77 region or lower. On the upside, a clear break and daily close above 109.50 would expose 110.50 area or higher. My major technical outlook remains neutral.

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February 9th, 2018 @ 6:06 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD was indecisive yesterday. The bias remains bearish in nearest term testing 1.2175 region as a part of the bearish correction scenario after failed to break above 1.2537 and fell below the range area as you can see on my daily chart below. A clear break and daily/weekly close below 1.2175 could trigger further bearish pressure testing the trend line support next week. Immediate resistance is seen around 1.2300/30 area. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. My major bullish outlook remains valid but need a clear break above 1.2537 to resume the major bullish trend.

forex: eur/usd daily chart

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September 11th, 2017 @ 4:01 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bullish momentum last week topped at 1.2092 but closed a little bit lower at 1.2029 and hit 1.1999 earlier today in Asian session. Price is still moving strongly above the EMA 200 as you can see on my H4 chart below suggests a valid bullish trend. The bias is neutral in nearest term but overall I remain bullish with nearest bullish target seen at 1.2175. Immediate support is seen around 1.1950. A clear break and daily close below that area could trigger further bearish pressure testing 1.1823 key support but any downside pullback should be seen as a good opportunity to buy.

eurusdh4

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August 16th, 2017 @ 3:29 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 110.84. The bias remains bullish in nearest term testing 111.00 – 111.50 area as a part of the bullish scenario after the appearance of the bullish pin bar as you can see on my daily chart below. Immediate support is seen around 110.35. A clear break below that area could lead price to neutral zone in nearest term testing 109.80 region. Overall I am neutral on this pair.

usdjpydaily

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