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January 29th, 2019 @ 6:19 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a moderate bearish momentum yesterday bottomed at 0.9905. The bias is bearish in nearest term especially if price able to make a clear break below 0.9900, which would invalidate the bullish phase, testing 0.9850 region. Immediate resistance is seen around 0.9950. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish phase alive and kicking testing 1.000 – 1.0050 area.

usdchfh4

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January 28th, 2019 @ 4:17 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push lower last week bottomed at 1.1289 but whipsawed to the upside and closed higher at 1.1404. The major bearish trend remains valid but price is still in a consolidation phase. The bias is bullish in nearest term testing 1.1500 – 1.1570 key resistance area which is a good place to sell with a tight stop loss as a clear break above 1.1570 would invalidate the major bearish trend. Immediate support is seen around 1.1380. 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.

eurusddaily

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January 28th, 2019 @ 4:15 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a significant bullish momentum last week broke above 1.3000 key resistance and D1 EMA 200 as you can see on  my daily chart below. This fact not only invalidate the major bearish trend but could be an early stage of a new major bullish trend. The bias remains bullish in nearest term testing 1.3300 area. Immediate support is seen around 1.3130. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 1.3000 I remain bullish and any downside pullback should be seen as a good opportunity to buy.

gbpusddaily

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January 28th, 2019 @ 4:11 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive last week. The bias remains neutral in nearest term. Overall price is still in a bullish phase since printed a bullish pin bar as you can see on my daily chart below but the bullish momentum stalled at 110.00 region which remains a good place to sell. Immediate support is seen around 109.00. A clear break and daily close below that area could trigger further bearish pressure testing 108.35 area. On the upside, a clear break above 110.00 would target 111.25 area (D1 EMA 200).

usdjpydaily

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January 28th, 2019 @ 4:10 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive last week. The bias remains neutral in nearest but as long as stay above 0.9900 I still prefer a bullish scenario at this phase with nearest target seen at 1.0000 – 1.0050 region. On the downside, a clear break back below 0.9900 would activate my “wait and see” mode as direction would become unclear.

usdchfh4

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January 25th, 2019 @ 4:50 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bearish momentum yesterday bottomed at 1.1289. The bias is bearish in nearest term testing 1.1270 – 1.1215 key support area as a part of the false breakout scenario as you can see on my daily chart below. Immediate resistance is seen around 1.1380. A clear break above that area could lead price to neutral zone in nearest term testing 1.1450 area but as long as stay below 1.1500 – 1.1570 my major technical outlook remains to the downside.

eurusddaily

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January 25th, 2019 @ 4:49 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bullish bias and hit 1.3128 earlier today in Asian session. The bias remains bullish in nearest term testing 1.3175 region. Immediate support is seen around 1.3080. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 1.3000 I remain bullish and any downside pullback should be seen as a good opportunity to buy.

gbpusddaily

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January 25th, 2019 @ 4:46 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY didn’t make significant movement yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 110.00 which remains a good place to sell. Immediate support is seen around 109.40. A clear break below that area could trigger further bearish pressure testing 109.00 or lower. On the upside, a clear break and daily/weekly close above 110.00 would target 111.25 area (D1 EMA 200).

usdjpydaily

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