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July 25th, 2014 @ 5:18 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD had another indecisive movement yesterday, formed a Doji formation on daily chart. The bias remains bearish in nearest term testing 1.3400. Immediate resistance remains around 1.3500. A clear break above that area could lead price to neutral zone in nearest term but any upside pullback is normal and as long as stays inside the bearish channel I still prefer a bearish scenario at this phase.

eurusdhourly

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July 25th, 2014 @ 5:14 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD had a bearish momentum yesterday, broke below 1.7000 key support. The bias remains bearish in nearest term testing 1.6900 – 1.6850. Immediate resistance is seen around 1.7035/50. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear.

gbpusdh1

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July 25th, 2014 @ 5:11 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had a bullish momentum yesterday and now struggling around 101.80. The bias is bullish in nearest term especially if price able to make a clear break above 101.80 testing 102.30/50 area. Immediate support is seen around 101.50. A clear break back below that area could lead price to neutral zone in nearest term and keep price inside a range area between 101.80 – 100.80. My major technical outlook remains neutral.

usdjpydaily

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July 25th, 2014 @ 5:05 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF had another indecisive movement yesterday. The bias remains bullish in nearest term but we need a clear break above 0.9035 to continue the bullish scenario testing 0.9100 – 0.9150. Immediate support remains around 0.9000. A clear break below that area could lead price to neutral zone in nearest term testing 0.8970 – 0.8950 but overall I still prefer a bullish scenario at this phase.

usdchfdaily

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July 24th, 2014 @ 4:27 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD was indecisive yesterday but overall still able to maintain its bearish bias so far. The bias remains bearish in nearest term testing 1.3400. Immediate resistance is seen around 1.3500. A clear break above that area could lead price to neutral zone in nearest term but any upside pullback is normal and as long as stays inside the bearish channel I still prefer a bearish scenario at this phase.

eurusdhourly

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July 24th, 2014 @ 4:23 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD had another indecisive movement yesterday but fell below 1.7060 support area. The bias is bearish in nearest term testing 1.7000 key support. A clear break and daily close below that area would interrupt my bullish outlook testing 1.6900 – 1.6850 area. Immediate resistance is seen around 1.7060. A clear break above that area could lead price to neutral zone in nearest term testing 1.7115 but key resistance remains around 1.7180 which need to be clearly broken to the upside to continue the bullish scenario.

gbpusdh1

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July 24th, 2014 @ 4:19 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had another insignificant movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Important intraday range to be closely watched remains between 101.80 – 100.80. As you can see on my daily chart below, price has been moving sideways since February without clear direction. My overall technical outlook remains neutral. A clear break below 100.80 would activate my bearish mode.

usdjpydaily

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July 24th, 2014 @ 4:16 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF was indecisive yesterday. The bias remains bullish in nearest term especially if price able to make a clear break above 0.9035 testing 0.9100 – 0.9150. Immediate support remains around 0.9000. A clear break below that area could lead price to neutral zone in nearest term testing 0.8970 – 0.8950 but overall I still prefer a bullish scenario at this phase.

usdchfdaily

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