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December 4th, 2018 @ 4:23 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday. The bias remains neutral in nearest term. The bullish engulfing scenario remains intact, but need a clear break above the trend line resistance and 1.1400 resistance area to resume the bullish correction testing 1.1500 key resistance area. Immediate support is seen around 1.1305. A clear break below that area could trigger further bearish pressure testing 1.1270 region but key support remains at 1.1215 (tweezer bottom). Overall I still prefer a bearish scenario as long as the pair stay below 1.1500.

eurusddaily

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December 4th, 2018 @ 4:22 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.2824 but whipsawed to the downside and closed lower at 1.2723. The bias is bearish in nearest term but note that 1.2700 – 1.2660 region remains a key support and good place to buy with a tight stop loss below 1.2660 as a clear break and daily close below that area would easily target 1.2500 area. Immediate resistance is seen around 1.2785. A clear break above that area could lead price to neutral zone in nearest term retesting 1.2824 region but key resistance remains at 1.2875 which remains a good place to sell.

gbpusddaily

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December 4th, 2018 @ 4:21 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday but traded lower earlier today in Asian session hit 113.27. The bias is bearish in nearest term testing 113.15/00 region. A clear break and daily close below that area would expose 112.50 – 112.00 key support area which remains a good place to buy. Immediate resistance is seen around 113.70. A clear break above that area could lead price to neutral zone in nearest term testing 114.20 – 114.70 key resistance area which remains a good place to sell.

usdjpydaily

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December 4th, 2018 @ 4:20 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 1.0005. A clear break above that area would retest 1.0095 key resistance area. Immediate support is seen around 0.9950. A clear break below that area could trigger further bearish pressure retesting 0.9910 key support which need to be clearly broken to the downside to resume the false breakout bearish scenario testing 0.9825 region.

usdchfdaily

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December 3rd, 2018 @ 4:29 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive last week. Price attempted to push higher, topped at 1.1401 but quickly fell after touched the trend line resistance and closed lower at 1.1315. The bias is neutral in nearest term. The major trend remains bearish. Price is still in a consolidation phase with key support seen at 1.1215 (tweezer bottom) but as long as stay below the trend line resistance my overall short-term bias remains to the downside. Immediate support is seen around 1.1270. A clear break and daily close below that area would retest 1.1215 key support. Immediate resistance is seen around 1.1400 – 1.1430 region. A clear break and daily close above that area would expose 1.1500 key resistance area.

eurusddaily

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December 3rd, 2018 @ 4:28 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a moderate bearish momentum last week but still trapped inside 1.2875 – 1.2700 range area as you can see on my daily chart below. The bias remains bearish in nearest term testing 1.2700 – 1.2260 key support area which remains a good place to buy with a tight stop loss as a clear break and daily close below 1.2660 could easily target 1.2500 region. Immediate resistance is seen around 1.2815. A clear break above that area could lead price to neutral zone in nearest term retesting 1.2875 key resistance area which remains a good place to sell.

gbpusddaily

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December 3rd, 2018 @ 4:26 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bullish momentum last week topped at 114.03 but closed lower at 113.54 after failed to test 114.20 – 114.70 key resistance area. The bias is neutral in nearest term probably with a little bearish bias testing 113.15/00 support area. A clear break and daily close below that area would expose 112.50 – 112.00 key support area which remains a good place to buy. On the upside, 114.20 – 114.70 remains a key resistance and good place to sell.

usdjpydaily

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December 3rd, 2018 @ 4:21 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had another indecisive movement last week. Price is still trapped between 1.0095 – 0.9910 range area as you can see on my daily chart below. The false breakout bearish scenario remains intact but need a clear break below 0.9910 to resume the bearish phase testing 0.9825. The bias is neutral in nearest term. Immediate resistance is seen around 1.0005. A clear break and daily close above that area could trigger further bullish pressure testing 1.0050 – 1.0095 region. Immediate support is seen around 0.9950 followed by 0.9910.

usdchfdaily

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