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November 20th, 2018 @ 5:03 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bullish correction yesterday, topped at 1.1464, slipped above the trend line resistance as you can see on my daily chart below. The bias remains bullish in nearest term testing 1.1500 – 1.1550 key resistance area which is a good place to sell. Immediate support is seen around 1.1400. A clear break below that area could lead price to neutral zone in nearest term testing 1.1350/00 region but only a clear break below 1.1215 would invalidate the tweezer bottom bullish scenario. On the upside, a clear break and daily close above 1.1550 would expose 1.1660 region (daily EMA 200).

eurusddaily

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November 20th, 2018 @ 5:01 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term but as long as 1.2875 resistance holds, my overall short term bias remains to the downside retesting 1.2700 key support. Immediate support is seen around 1.2800. A clear break and daily close below that area would expose 1.2700 region. On the upside, a clear break and daily close above 1.2875 would neutralize my short-term bearish bias testing 1.2950 – 1.3000 region.

gbpusddaily

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November 20th, 2018 @ 4:59 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY continued its bearish correction yesterday bottomed at 112.42 and hit 112.39 earlier today in Asian session. The bias remains bearish in nearest term testing 112.00 – 111.35 key support area which is 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. Immediate resistance is seen around 112.85 – 113.00 area. A clear break above that area could lead price to neutral zone in nearest term testing 113.50 or higher.

usdjpydaily

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November 20th, 2018 @ 4:52 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a significant bearish momentum yesterday broke below 0.9980 key support which invalidates the bullish pin bar scenario. The bias remains bearish in nearest term testing 0.9910 – 0.9825 area as a part of the false breakout (above 1.0095) bearish scenario. Immediate resistance is seen 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 19th, 2018 @ 5:00 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push lower last week, bottomed at 1.1215 but whipsawed to the upside and closed higher at 1.1417 after printed a tweezer bottom formation as you can see on my daily chart below. The bias is bullish in nearest term testing 1.1430 – 1.1500 key resistance area. A clear break and daily close above 1.1500 would resume the bullish correction momentum testing 1.1620 – 1.1665 region. Immediate support is seen around 1.1365. A clear break below that area could lead price to neutral zone in nearest term testing 1.1320/00 region but key support remains at 1.1215 which need to be clearly broken to the downside to invalidate the tweezer bottom bullish correction scenario and resume the major bearish trend.

eurusddaily

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November 19th, 2018 @ 5:00 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was volatile but indecisive last week but overall still able to maintain its bearish bias since fell from 1.3174 two weeks ago. The bias is neutral in nearest term. Immediate resistance is seen around 1.2875. A clear break and daily close above that area could trigger further bullish pressure testing 1.3000 level. Immediate support is seen around 1.2775 but key support remains at 1.2700 which need to be clearly broken to the downside to resume the major bearish trend targeting 1.2500 – 1.2370 region.

gbpusddaily

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November 19th, 2018 @ 4:57 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bearish momentum last week bottomed at 112.64 after printed a bearish pin bar at 114.00/20 region. We had a bullish pin bar printed on Thursday but was quickly invalidated by a break below 113.09 on Friday. As long as stay above the trend line support and the EMA 200 the major bullish trend remains intact but nearest term bias remains bearish testing 112.00 – 111.30 region which is a good place to buy with a tight stop loss as a clear break below 111.30 would invalidate the major bullish outlook. Immediate resistance is seen around 113.15. A clear break above that area could lead price to neutral zone in nearest term testing 113.50 – 114.20 resistance area.

usdjpydaily

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November 19th, 2018 @ 4:54 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push higher last week topped at 1.0128 but whipsawed to the downside and closed lower at 0.9998. The bias is bearish in nearest term testing 0.9980 key support area. A clear break and daily close below that area would invalidate the bullish pin bar scenario and create a false breakout bearish scenario targeting 0.9910 – 0.9825 area. Immediate resistance is seen around 1.0040. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains at 1.0095 which need to be clearly broken to the upside to resume the bullish run targeting 1.0175 or higher.

usdchfdaily

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