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November 22nd, 2018 @ 4:02 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.1424 but closed lower at 1.1383. Although price is still in a bullish phase since printed the tweezer bottom formation at 1.1215, as long as price respect the trend line resistance, further bullish momentum is limited and the false breakout bearish scenario is still in play. The bias remains bearish in nearest term testing 1.1300 area. Immediate resistance is seen around 1.1425 area. A clear break above that area could lead price to neutral zone in nearest term but could trigger further bullish pressure testing 1.1500 – 1.1550 region which remains a key resistance and good place to sell.

eurusddaily

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November 22nd, 2018 @ 4:01 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias after unable to break above 1.2875 resistance area as you can see on my daily chart below. The bias remains bearish in nearest term testing 1.2700 region. Immediate resistance is seen around 1.2820 area. A clear break above that area could lead price to neutral zone in nearest term but as long as 1.2875 resistance holds, my overall short-term bias remains to the downside.

gbpusddaily

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November 22nd, 2018 @ 4:00 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 113.14 and hit 113.20 earlier today in Asian session. The bias remains bullish in nearest term testing 113.50 – 114.00/20 region. Immediate support is seen around 112.50 area. A clear break below that area could lead price to neutral zone in nearest term testing 112.00 the and trend line support area which remains a good place to buy with a  tight stop loss below 111.35 as a clear break and daily close below that area would invalidate the major bullish trend.

usdjpydaily

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November 22nd, 2018 @ 3:59 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had another insignificant movement yesterday. There are no changes in my technical outlook. 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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November 21st, 2018 @ 4:36 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD failed to continue its bullish correction yesterday, bottomed at 1.1358 after unable to stay consistently above the trend line resistance as you can see on my daily chart below. Although the bullish correction phase remains intact, this fact could create a false breakout bearish scenario. The bias is bearish in nearest term testing 1.1300 region. Immediate resistance is seen around 1.1420 area. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish correction bias alive and kicking to challenge 1.1500 – 1.1550 key resistance area which remains a good place to sell. On the downside, a clear break and daily close below 1.1300 would retest 1.1215 key support area (tweezer bottom).

eurusddaily

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November 21st, 2018 @ 4:35 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.2776 after unable to break above 1.2875 resistance area as you can see on my daily chart below. The bias is bearish in nearest term testing 1.2700 region. Immediate resistance is seen around 1.2825. A clear break above that area could lead price to neutral zone in nearest term but as long as 1.2875 resistance holds, my overall short-term bias remains to the downside.

gbpusddaily

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November 21st, 2018 @ 4:34 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push lower yesterday, bottomed at 112.30 but whipsawed to the upside, closed higher at 112.75 and hit 112.93 earlier today in Asian session. Although the bearish correction phase remains valid, we can see that price respects the trend line support as you can see on my daily chart below. The bias is bullish in nearest term testing 113.00 – 113.50 region. Immediate support is seen around 112.50 region. A clear break below that area could lead price to neutral zone in nearest term testing 112.00 the and trend line support area which remains a good place to buy with a  tight stop loss below 111.35 as a clear break and daily close below that area would invalidate the major bullish trend.

usdjpydaily

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November 21st, 2018 @ 4:22 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF didn’t make significant movement yesterday. 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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