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2012 April

April 10th, 2012 @ 6:44 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD was indecisive yesterday. As long as stays below 1.3130 – 1.3163 the nearest technical bias remains to the downside as a part of the bearish outlook since broke below the bullish channel last week, but from a broader view as long as stays above 1.3000 price is still in a sideways condition, moving between 1.3000 – 1.3484 in the last ten weeks. On the upside, a clear break above 1.3163 could trigger further bullish pullback testing 1.3200 – 1.3240 resistance area. Immediate support is seen around 1.3080. A clear break back below that area could trigger further bearish pressure retesting 1.3000 strong/key support area.

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April 10th, 2012 @ 6:35 am by Setyo Wibowo

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EURJPY Forecast
The EURJPY had a bullish momentum yesterday, topped at 107.23, hit 107.45 earlier today but traded lower around 106.65 at the time I wrote this comment. The bias is bearish in nearest term as a part of the bearish correction phase after broke below the trend line support as you can see on my daily chart below still testing 105.60. On the upside, a clear break above 107.50 could lead price to neutral zone in nearest term testing 108.00 resistance area.

GBPJPY  Forecast
The GBPJPY had a bullish momentum yesterday, topped at 129.89, hit 130.21 earlier today but traded lower around 129.50 at the time I wrote this comment. The bias is bearish in nearest term still testing 128.00/20. On the upside, a clear break and daily close back above 130.00 would lead price to neutral zone in nearest term but could potentially end the current bearish correction phase.

AUDUSD Forecast
The AUDUSD was indecisive yesterday, made a Doji on daily chart. There were some upside pressure earlier today hit 1.0355 but further bullish momentum was rejected and traded lower around 1.0310 at the time I wrote this comment. The bias remains bearish in nearest term testing 1.0200. On the upside, a clear break above 1.0355 would lead price to neutral zone in nearest term testing 1.0400 but overall I remain bearish on this pair and still prefer to short on rallies.

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April 10th, 2012 @ 6:24 am by Setyo Wibowo

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GBPUSD  Forecast
The GBPUSD attempted to push lower yesterday, bottomed at 1.5834 but further bearish pressure was rejected, closed higher above 1.5900. The bias is neutral in nearest term probably with a little bit bullish bias testing 1.6000 key resistance area. The false breakout bearish scenario should remain intact but would need a clear break at least back below 1.5880 to continue the bearish scenario retesting 1.5800. On the upside, a clear break and daily close back above 1.6000 would reactivate my bullish mode.

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April 10th, 2012 @ 6:05 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY didn’t make significant movement yesterday but overall still able to maintain its bearish correction bias. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 80.23 – 79.52. Immediate resistance is seen around 81.80. A clear break above that area could lead price to neutral zone in nearest term. On the upside, we need a clear break and daily close at least back above 83.00 to end the current bearish correction phase.

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April 10th, 2012 @ 5:58 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF failed to continue its bullish intraday bias yesterday. Overall price is still in a bullish intraday phase since the failure to make a clear break below 0.9050 but need a clear break above 0.9221 to continue the bullish scenario testing 0.9320. Immediate support is seen around 0.9125. A clear break below that area could trigger further bearish pressure testing 0.9050 region.

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April 9th, 2012 @ 6:33 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD had a bearish momentum last week after unable to break above 1.3400 and broke below the bullish channel as you can see on my h4 chart below. The bias remains bearish in nearest term testing 1.3000 – 1.2973 strong support area. Immediate resistance is seen around 1.3130 – 1.3163. A clear break above that area could lead price to neutral zone in nearest term. On the downside, a clear break and daily close below 1.3000 could trigger further bearish scenario testing 1.2880 area or lower.

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April 9th, 2012 @ 6:25 am by Setyo Wibowo

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EURJPY Forecast
The EURJPY had a significant bearish momentum last week, broke below the trend line support as you can see on my daily chart below. The bias is bearish in nearest term testing 105.60. Immediate resistance is seen around 107.00. A clear break above that area could lead price to neutral zone in nearest term testing 107.80.

GBPJPY  Forecast
The GBPJPY had a significant bearish momentum last week, broke below 130.00 support area. This fact postpone the bullish scenario and turn my short term technical bias to a bearish view testing 128.00/20 region. Immediate resistance is seen around 130.00. A clear break back above that area could lead price to neutral zone in nearest term testing 131.00 area.

AUDUSD Forecast
The AUDUSD continued its bearish momentum last week. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.0200. Immediate resistance is seen around 1.0320/50. A clear break above that area could lead price to neutral zone in nearest term testing 1.0400 but overall I still prefer to short on rallies at this phase.

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April 9th, 2012 @ 6:17 am by Setyo Wibowo

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GBPUSD  Forecast
The GBPUSD failed to continue its bullish momentum last week after the false breakout above 1.6000 and slipped back below 1.5900. The bias is bearish in nearest term testing 1.5800 support area. A clear break and daily close below that area could trigger further bearish pressure testing 1.5700 – 1.5650. Immediate resistance is seen around 1.5900. A clear break above that area could lead price to neutral zone in nearest term testing 1.5950 – 1.6000. On the upside, a clear break and daily close back above 1.6000 would keep the bullish scenario after the breakout above the trend line resistance remains strong and reactivate my bullish mode.

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