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2014 April

April 30th, 2014 @ 4:09 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD had a bearish momentum yesterday after formed a double top formation at 1.3878 as you can see on my hourly chart below. The bias is bearish in nearest term testing 1.3780 – 1.3750. A clear break and daily close below that area could trigger further bearish scenario. Immediate resistance is seen around 1.3850. A clear break back above that area could trigger further bullish pressure testing 1.3878 – 1.3900.

eurusdhourly

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April 30th, 2014 @ 4:05 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD had another indecisive 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 1.6750 – 1.6850. A clear break below 1.6750 could trigger further bearish pressure testing 1.6700 or lower. On the other hand, a clear break above 1.6850 could trigger further bullish pressure testing 1.6900 or higher. Overall I still prefer a bullish scenario at this phase.

gbpusddaily

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April 30th, 2014 @ 4:02 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had a bearish momentum earlier today hit 102.31. The bias is neutral in nearest term probably with a little bearish bias testing 101.80 support area. Immediate resistance is seen around 102.70 – 103.00. A clear break above that area could trigger further bullish pressure testing 103.75. As long as stays above the trend line support, my overall technical outlook remains bullish.

usdjpydaily

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April 30th, 2014 @ 3:57 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF had a bullish momentum yesterday topped at 0.8845. The bias is bullish in nearest term testing 0.8870. Immediate support is seen around 0.8815. A clear break below that area could lead price to neutral zone in nearest term testing 0.8770 – 0.8740 support area. Overall I still prefer a bearish scenario at this phase unless price breaks above 0.8870.

usdchfhourly

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April 29th, 2014 @ 3:59 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD attempted to push higher yesterday topped at 1.3878. The bias is bullish in nearest term testing 1.3900 before testing 1.4000. Immediate support is seen around 1.3835. A clear break below that area could lead price to neutral zone in nearest term testing 1.3800 – 1.3780. The ascending triangle bullish scenario on daily chart remains valid and I still prefer a bullish scenario at this phase.

eurusdhourly

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April 29th, 2014 @ 3:56 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD was indecisive yesterday. Price attempted to push higher, topped at 1.6856 but closed lower at 1.6807. The bias remains neutral in nearest term. Important intraday range to be closely watched remains between 1.6750 – 1.6850. A clear break below 1.6750 could trigger further bearish pressure testing 1.6700 or lower. On the other hand, a clear break above 1.6850 could trigger further bullish pressure testing 1.6900 or higher. Overall I still prefer a bullish scenario at this phase.

gbpusddaily

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April 29th, 2014 @ 3:52 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had a bullish momentum yesterday topped at 102.61. The bias is bullish in nearest term testing 102.70 – 103.00. A clear break above that area could trigger further bullish pressure testing 103.75. Immediate support is seen around 102.30. A clear break below that area could lead price to neutral zone in nearest term testing 102.00 or lower. As long as stays above the trend line support, my overall technical outlook remains bullish.

usdjpydaily

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April 29th, 2014 @ 3:47 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 0.8740 support area. Immediate resistance is seen around 0.8815. A clear break above that area could trigger further bullish pressure testing 0.8850. Overall I still prefer a bearish scenario at this phase unless price breaks above 0.8870.

usdchfhourly

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