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February 14th, 2019 @ 5:16 am by Setyo Wibowo

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USD/CHF Forecast
The USD/CHF attempted to push lower yesterday bottomed at 1.0043 but closed higher at 1.0091. The bias is bullish in nearest term but note that 1.0095 remains a key resistance and good place to sell with a tight stop loss as a clear break and daily close above 1.0095 would expose 1.0150/70 region. Immediate support is seen around 1.0040. A clear break below that area could lead price to neutral zone in nearest term testing 1.0000 region.

usdchfdaily

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February 13th, 2019 @ 7:52 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bullish momentum yesterday after bounced-off 1.1270 support area as you can see on my daily chart below, topped at 1.1339 and hit 1.1341 earlier today in Asian session. The bias is bullish in nearest term testing 1.1370 – 1.1400 region.  Immediate support is seen around 1.1300. A clear break below that area could lead price to neutral zone in nearest term but would retest 1.1270 – 1.1215 key support area which remains a good place to buy. Overall, as long as stay below 1.1500 – 1.1570 I still prefer a bearish scenario but note that price has been moving sideways between 1.1570 – 1.1215 range area for more than three months now.

eurusddaily

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February 13th, 2019 @ 7:51 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD bearish momentum stalled yesterday, topped at 1.2908. The bias is bullish in nearest term testing 1.2950 but as long as stay below 1.3000 I still prefer a bearish scenario at this phase as a part of the false breakout scenario and any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 1.2850. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish phase alive and kicking testing 1.2800 region.

gbpusddaily

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February 13th, 2019 @ 7:50 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY didn’t make significant movement yesterday but overall still able to maintain its bullish bias after broke above 110.00 resistance area as you can see on my daily chart below. The bias remains bullish in nearest term testing the daily EMA 200 located around 111.00. A clear break and daily close above the daily EMA 200 would at least target 112.200 region as a part of the bullish pin bar scenario. On the downside, only a clear break back below 110.00 would invalidate the current short-term bullish bias. My major technical outlook is neutral.

usdjpydaily

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February 13th, 2019 @ 4:15 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 1.0093 but closed a little bit lower at 1.0066. The bias is bullish in nearest term but note that 1.0095 region is a key resistance at this phase and good place to sell. Immediate support is seen around 1.0030. A clear break below that area could lead price to neutral zone in nearest term testing 1.0000 or lower. On the upside, a clear break and daily close above 1.0095 would target 1.0150/70 region.

usdchfdaily

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February 12th, 2019 @ 7:30 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bearish momentum yesterday bottomed at 1.1267. The bias remains bearish in nearest term but note that 1.1270 – 1.1215 region is a key support and good place to buy. Immediate resistance is seen around 1.1315. A clear break above that area could lead price to neutral zone in nearest term testing 1.1350 – 1.1400 region but as long as stay below 1.1500 – 1.1570 area I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

eurusddaily

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February 12th, 2019 @ 7:30 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.2845. The bias remains bearish in nearest term testing 1.2800 region. A clear break and daily close below that area would expose 1.2675 area. Immediate resistance is seen around 1.2920. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 1.3000 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

gbpusddaily

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February 12th, 2019 @ 7:29 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a significant bullish momentum yesterday, broke above 110.00 and hit 110.64 earlier today in Asian session. The bias is bullish in nearest term testing the daily EMA 200 located around 111.00 area as a part of the bullish pin bar scenario. Immediate support is seen around 110.00 area. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear.

usdjpydaily

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