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November 26th, 2018 @ 4:45 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push higher last week topped at 1.1472 but whipsawed to the downside and closed lower at 1.1333 after failed to break above the trend line resistance as you can see on my daily chart below. The bias is bearish in nearest term testing 1.1275 area but key support remains at 1.1215 which need to be clearly broken to the downside to invalidate the tweezer bottom scenario and resume the major bearish trend. Immediate resistance is seen around 1.1385. A clear break above that area could lead price to neutral zone in nearest term testing 1.1430 but key resistance remains at 1.1500 region.

eurusddaily

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November 26th, 2018 @ 4:44 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had another indecisive movement last week. Price attempted to push higher topped at 1.2927 but closed lower back below 1.2875 key resistance area. The  bias is neutral in nearest term but as long as stay below 1.2875 I still prefer a bearish scenario at this phase testing 1.2700 key support area. Immediate support is seen around 1.2765. A clear break and daily close below that area would expose 1.2700 – 1.2665 region. On the upside, 1.2875 remains a key resistance. A clear break and daily close above that area would expose 1.3000 region.

gbpusddaily

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November 26th, 2018 @ 4:42 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive last week. Price attempted to push lower, bottomed at 112.30 but closed higher at 112.92 and hit 113.28 earlier today in Asian session. The bias is bullish in nearest term testing 113.50 area. A clear break and daily close above that area would expose 114.20 – 114.70 key resistance area which is a good place to sell. Immediate support is seen around 112.85. A clear break below that area could lead price to neutral zone in nearest term testing 112.30/00 area and the trend line support which is a good place to buy with a  tight stop loss below 111.40 as a clear break and daily close below that area would invalidate the major bullish trend.

usdjpydaily

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November 26th, 2018 @ 4:42 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push lower last week bottomed at 0.9908 but closed higher at 0.9971. The bias is bullish in nearest term testing 1.0025 area. The false breakout (above 1.0095) bearish scenario remains intact but need a clear break below 0.9910 key support area to resume the bearish run. Immediate support is seen around 0.9950. A clear break below that area could lead price to neutral zone in nearest term retesting 0.9910 key support area. Important technical range to be closely watched is between 1.0095 – 0.9910.

usdchfdaily

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November 23rd, 2018 @ 4:34 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had another indecisive movement yesterday. Price attempted to push higher, topped at 1.1434 but closed a little bit lower at 1.1400 in a slow market. The bias is neutral in nearest term. Price still closes below the trend line resistance but still struggling around the trend line resistance as you can see on my daily chart below. Immediate resistance is seen around 1.1470. A clear break above that area would expose 1.1500 – 1.1550 key resistance area which remains a good place to sell. Immediate support is seen around 1.1380. A clear break below that area could trigger further bearish pressure testing 1.1350/00 region but key support remains at 1.1215 (tweezer bottom).

eurusddaily

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November 23rd, 2018 @ 4:32 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a strong bullish momentum yesterday, topped at 1.2927 but closed lower at 1.2876. The bias is bullish in nearest term but in my opinion, 1.2875 resistance area is not clearly broken, not until we have a convincing daily close above it. Immediate support is seen around 1.2820. A clear break and daily close below that area would keep the short-term bearish bias alive and kicking testing 1.2700 region. On the upside, a consistent movement above 1.2875 would expose 1.3000 region.

gbpusddaily

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November 23rd, 2018 @ 4:29 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY failed to continue its bullish momentum yesterday after found good resistance at 113.15. The bias is neutral in nearest term. Immediate resistance is seen around 113.15. A clear break above that area could trigger further bullish pressure testing 113.50 – 114.00 region. Immediate support is seen around 112.85. A clear break below that area could trigger further bearish pressure testing 112.00 area and the trend line support which remains a good place to buy with a  tight stop loss below 111.40 as a clear break and daily close below that area would invalidate the major bullish trend.

usdjpydaily

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November 23rd, 2018 @ 4:24 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had another insignificant movement yesterday. We have three consecutive small daily candles as you can see on my daily chart below indicates a very slow market. The bias remains bearish in nearest term but note that we need a clear break below 0.9910 support area to resume the bearish run testing 0.9850/25 area as a part of the false breakout (above 1.0095) bearish scenario. Immediate resistance remains around 0.9980. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear.

usdchfdaily

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