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February 19th, 2019 @ 5:22 am by Setyo Wibowo

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EUR/USD Forecast
The EUR/USD attempted to push higher yesterday topped at 1.1333 but closed lower at 1.1309 and hit 1.1295 earlier today in Asian session. The bias is neutral in nearest term but the bullish pin bar scenario remains valid.  Key support remains at 1.1270 – 1.1215 region which remains 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 region. Immediate resistance is seen around 1.1333 (yesterday’s high). A clear break and daily close above that area would expose 1.1400 region but key resistance remains at 1.1500 – 1.1570 area which remains a good place to sell.

eurusddaily

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February 19th, 2019 @ 4:48 am by Setyo Wibowo

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GBP/USD Forecast
The GBP/USD was indecisive yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.3000 area which remains a good place to sell with a tight stop loss as a clear break back above 1.3000 would give the bullish scenario another chance. Immediate support is seen around 1.2875. A clear break below that area could lead price to neutral zone in nearest term testing 1.2800 support area which need to be clearly broken to the downside to resume the false breakout bearish scenario testing 1.2675 region.

gbpusddaily

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February 19th, 2019 @ 4:46 am by Setyo Wibowo

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USD/JPY Forecast
The USD/JPY didn’t make significant 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. 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 19th, 2019 @ 4:45 am by Setyo Wibowo

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USD/CHF Forecast
The USD/CHF was indecisive yesterday. The bias remains bearish in nearest term testing 1.0000 – 0.9985 area. Immediate resistance is seen around 1.0065. 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 18th, 2019 @ 6:35 am by Setyo Wibowo

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EUR/USD Forecast
The EUR/USD attempted to push lower last week bottomed at 1.1233 but closed higher at 1.1298 and hit 1.1324 earlier today in Asian session. We have a bullish pin bar printed at 1.1270 – 1.1215 key support area as you can see on my daily chart below, suggests a potential bullish scenario. The bias is bullish in nearest term testing 1.1400 area. On the downside, only a clear break below 1.1233/15 would invalidate the bullish pin bar scenario and resume the major bearish trend testing 1.1125 area. 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 18th, 2019 @ 6:11 am by Setyo Wibowo

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GBP/USD Forecast
The GBP/USD attempted to push lower last week bottomed at 1.2772 but closed higher at 1.2891 and hit 1.2919 earlier today in Asian session. The bias is bullish in nearest term testing 1.3000 area which remains a good place to sell with a tight stop loss as a clear break back above 1.3000 would give the bullish scenario another chance. Immediate support is seen around 1.2875. A clear break below that area could lead price to neutral zone in nearest term testing 1.2800 support area which need to be clearly broken to the downside to resume the false breakout bearish scenario testing 1.2675 region.

gbpusddaily

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February 18th, 2019 @ 6:05 am by Setyo Wibowo

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USD/JPY Forecast
The USD/JPY had a bullish momentum last week topped at 111.12 but closed lower at 110.40 after rejected above the D1 EMA 200 as you can see on my daily chart below. The bias is 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. On the upside, a clear break and daily close above 111.00 would resume the bullish pin bar scenario testing 112.00/20 area.

usdjpydaily

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February 18th, 2019 @ 6:02 am by Setyo Wibowo

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USD/CHF Forecast
The USD/CHF attempted to push higher last week, topped at 1.0114 but closed lower at 1.0047. The bias is bearish in nearest term testing 1.0000 – 0.9985 area. Immediate resistance is seen around 1.0065. 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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