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February 8th, 2019 @ 3:20 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday but overall still able to maintain its bullish short-term bias after break above 0.9990 as you can see on my H4 chart below. The bias remains bullish in nearest term testing 1.0050 – 1.0095 resistance area. Immediate support is seen around 0.9990. A clear break below that area could lead price to neutral zone in nearest term testing 0.9960 but key support remains at 0.9900 region and as long as stay above 0.9900 I still prefer a bullish scenario at this phase.

usdchfh4

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February 7th, 2019 @ 4:33 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bearish momentum yesterday bottomed at 1.1360. The bias remains bearish in nearest term testing 1.1325 – 1.1300 region. Immediate resistance is seen around 1.1380. A clear break above that area could lead price to neutral zone in nearest term testing 1.1425 area but as long as stay below 1.1500 – 1.1570 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break below 1.1300 would expose 1.1270 – 1.1215 key support area.

eurusddaily

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February 7th, 2019 @ 4:32 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias. The bias remains bearish in nearest term testing 1.2900 – 1.2850 region. Immediate resistance is seen around 1.2950. A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 region which is a good place to sell. On the downside, a clear break and daily close below 1.2850 would expose 1.2700 area.

gbpusddaily

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February 7th, 2019 @ 4:29 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 109.55 but closed higher at 109.96. The bias is neutral in nearest term. Price is now traded around 110.00 resistance area which remains a good place to sell with a tight stop loss as a clear break and daily close above that area would expose 111.25 region. Immediate support is seen around 109.50. A clear break and daily close below that area could trigger further bearish pressure testing 109.00 – 108.50 region.

usdjpydaily

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February 7th, 2019 @ 4:24 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 1.0026. The bias remains bullish in nearest term testing 1.0050 – 1.0095 resistance area. Immediate support is seen around 0.9990. A clear break below that area could lead price to neutral zone in nearest term testing 0.9960 but key support remains at 0.9900 region and as long as stay above 0.9900 I still prefer a bullish scenario at this phase.

usdchfh4

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February 6th, 2019 @ 4:30 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bearish momentum yesterday bottomed at 1.1401 and hit 1.1396 earlier today in Asian session. The bias remains bearish in nearest term testing 1.1350 area.  Immediate resistance is seen around 1.1435. A clear  break above that area could lead price to neutral zone in nearest term but as long as stay below 1.1500 – 1.1570 key resistance I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 1.1350 would expose 1.1270 – 1.1215 key support area.

eurusddaily

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February 6th, 2019 @ 4:28 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a significant bearish momentum yesterday, fell below 1.3000 key support area as you can see on my daily chart below. This fact creates a false breakout bearish scenario and invalidate the bullish scenario. The bias is bearish in nearest term testing 1.2900 – 1.2850 region. Immediate resistance is seen around 1.3000. A clear break and daily close back above that area could lead price to neutral zone in nearest term but would keep the bullish scenario alive and kicking.

gbpusddaily

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February 6th, 2019 @ 4:26 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 probably with a little bearish bias testing 109.50 region. A clear break and daily close below that area could trigger further bearish pressure testing 109.00 – 108.50 area. On the upside, key resistance remains at 110.00 which is a good place to sell with a tight stop loss as a clear break above that area would expose 111.25 region.

usdjpydaily

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