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February 4th, 2019 @ 3:18 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had another indecisive movement last week. The bias is neutral in nearest term. Price is moving inside a range area between 0.9990 – 0.9900 as you can see on my H4 chart below and we need a clear break from that range area to see clearer direction. Overall I still prefer a bullish scenario but need a clear break above 0.9990 to resume the bullish run testing 1.0050 – 1.0095 region. On the downside, a clear break below 0.9900 would invalidate the bullish phase and activate my “wait and see” mode.

usdchfh4

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February 1st, 2019 @ 5:29 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD failed to continue its bullish momentum yesterday after unable to break above 1.1500 level, bottomed at 1.1435. The bias is bearish in nearest term testing 1.1400 – 1.1350 region but key support remains at 1.1270 – 1.1215. Immediate resistance is seen around 1.1475. A clear break above that area could lead price to neutral zone in nearest term retesting 1.1500 – 1.1570 key resistance area which remains a good place to sell with a tight stop loss above 1.1570 as a clear break above that area would invalidate the major bearish trend with nearest bullish target seen around 1.1800.

eurusddaily

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February 1st, 2019 @ 5:24 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD failed to continue its bullish momentum yesterday. The bullish run stalled just below 1.3175 resistance area. The bias is neutral in nearest term. As long as stay above 1.3000 I remain bullish targeting 1.3300 region but need a clear break above 1.3175 to resume the bullish run. On the downside, a clear break and daily/weekly close back below 1.3000 would be a serious threat to the bullish outlook.

gbpusddaily

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February 1st, 2019 @ 5:19 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its short term bearish bias after failed to break above 110.00. The bias remains bearish in nearest term testing 107.60 area. Immediate resistance is seen around 109.20. A clear break above that area could lead price to neutral zone in nearest term retesting 110.00 area which remains a good place to sell.

usdjpydaily

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February 1st, 2019 @ 5:17 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. Price attempted to push lower, bottomed at 0.9907 but closed higher at 0.9940 and hit 0.9947 earlier today in Asian session. This fact keeps the bullish phase alive and kicking. The bias is neutral in nearest term. Immediate resistance is see around 0.9960 followed by 1.0000. On the downside, 0.9900 area remains a key support and good place to buy with a tight stop loss as a clear break below that area would invalidate the bullish phase.

usdchfh4

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January 31st, 2019 @ 4:48 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bullish momentum yesterday topped at 1.1501 and hit 1.1508 earlier today in Asian session. The bias is bullish in nearest term testing 1.1570 but note that 1.1500 – 1.1570 region remains a key resistance and good place to sell with a tight stop loss above 1.1570 as a clear break and daily close above that area would invalidate the major bearish trend with nearest bullish target seen around 1.1800. Immediate support is seen around 1.1450. A clear break below that area could lead price to neutral zone in nearest term testing 1.1400 or lower.

eurusddaily

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January 31st, 2019 @ 4:45 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD regained its bullish momentum yesterday topped at 1.3145. The bias is bullish in nearest term testing 1.3175 – 1.3200 region. Immediate support is seen around 1.3090. A clear break below that area could lead price to neutral zone in nearest term testing 1.3050 region but as long as stay above 1.3000 I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.3175 – 1.3200 would target 1.3300 region.

gbpusddaily

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January 31st, 2019 @ 4:43 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 108.80 and hit 108.77 earlier today. The bias is bearish in nearest term especially if price able to make a clear break below 108.75 testing 107.60 region. Immediate resistance is seen around 109.30. A clear break above that area could lead price to neutral zone in nearest term testing 110.00 region  which remains a good place to sell with a tight stop loss as a clear break above that area would resume the bullish pin bar scenario testing 111.25 region.

usdjpydaily

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