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October 24th, 2014 @ 3:14 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD was indecisive yesterday but overall still able to maintain its bearish intraday bias after broke below the bullish channel as you can see on my hourly chart below. The bias remains bearish in nearest term testing 1.2580 – 1.2500. Immediate resistance is seen around 1.2700. A clear break above that area could lead price to neutral zone in nearest term and activate my wait and see mode as direction would become unclear.

eurusdhourly

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October 24th, 2014 @ 3:11 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD was indecisive yesterday but overall still able to maintain its bearish intraday bias, still making lower highs and lows in the last three days. The bias remains bearish in nearest term testing 1.5950 before testing 1.5875. Immediate resistance is seen around 1.6080. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 1.6200 I still prefer a bearish scenario at this phase.

gbpusdh1

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October 24th, 2014 @ 3:02 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had a bullish momentum yesterday topped at 108.34. The bias is bullish in nearest term testing 108.70. A clear break and daily/weekly close above that area could trigger further bullish scenario testing 109.25 even retesting 110.00 next week. Immediate support is seen around 107.55 followed by 107.00. A clear break below 107.00 would activate my wait and see mode as direction would become unclear.

usdjpyhourly

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October 24th, 2014 @ 2:58 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF was indecisive yesterday but overall still able to maintain its bullish intraday bias after broke above the bearish channel as you can see on my hourly chart below. The bias remains bullish in nearest term testing 0.9620. Immediate support is seen around 0.9520 followed by 0.9490. A clear break back below 0.9490 would activate my wait and see mode as direction would become unclear.

usdchfhourly

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October 23rd, 2014 @ 1:31 pm by Muhammad Azeem

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eur-gbpYesterday, the price of EUR/GBP tried to rise and then fall. The trend is now bearish in 1 hour time frame. The intraday resistance could be seen at the price level of 0.7980. I would be probably looking for short trades, as long as trend remains bearish. Bearish price action looks a bit weak and slow, price is heading, down. If bullish candlestick closes above 0.7980 critical resistance level then down trend is going to end. Hence, I might like to stay out of the market and re-examine the price chart.

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October 23rd, 2014 @ 5:05 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD continued its bearish momentum yesterday, broke below the bullish channel as you can see on my hourly chart below. The bias remains bearish in nearest term testing 1.2580 – 1.2500 area. Immediate resistance is seen around 1.2670. A clear break above that area could lead price to neutral zone in nearest term testing 1.2700 – 1.2725.

eurusdhourly

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October 23rd, 2014 @ 4:54 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD continued its bearish momentum yesterday bottomed at 1.6010. This fact could end the bullish correction phase and continue the major bearish scenario. The bias is bearish in nearest term testing 1.5950. Immediate resistance is seen around 1.6080. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear testing 1.6125 or higher.

gbpusdh1

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October 23rd, 2014 @ 4:48 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term but as long as stays below 107.55 I still prefer a bearish scenario at this phase testing 104.70. A clear break above 107.55 would interrupt the bearish scenario testing 108.70 – 109.20 resistance area.

usdjpyhourly

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