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Articles by Setyo Wibowo

April 27th, 2017 @ 12:09 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.0855 but closed higher at 1.0903. The bias is neutral in nearest term. Immediate support is seen around 1.0850. A clear break below that area could trigger further bearish pressure testing the pre-gap level at 1.0730 region. Immediate resistance is seen around 1.0950 (double top). A clear break and daily close above that area would expose 1.1000 – 1.1050 region. Overall I remain neutral.

eurusdhourly

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April 27th, 2017 @ 12:08 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. We haven’t seen a significant bullish run so far, but price is still traded just above the daily EMA 200, keeps the double bottom bullish scenario remains valid with nearest target seen around 1.3000 – 1.3050 region. Immediate support is seen around 1.2800 but key support remains at 1.2750 which need to be clearly broken to the downside to interrupt the double bottom bullish scenario.

gbpusddaily

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April 27th, 2017 @ 12:05 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 111.77 but whipsawed to the downside and closed lower at 111.04. The bias is neutral in nearest term but overall price is still in a bullish phase after broke above the trend line resistance targeting 112.20 area. Immediate support is seen around 110.85. A clear break below that area could trigger further bearish pressure testing 110.10 region. Immediate resistance is seen around 111.77. A clear break above that area could trigger further bullish pressure testing 112.20 region.

usdjpyhourly

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April 27th, 2017 @ 12:04 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had another indecisive movement yesterday formed a Doji on daily chart. Price attempted to push higher topped at 0.9968 but closed lower at 0.9932. The bias remains neutral in nearest term but overall price is still in a bearish phase targeting 0.9880 and 0.9813 area. On the upside, 1.0020 remains a key resistance and good place to sell with a tight stop loss. Overall I remain neutral.

usdchfh4

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April 26th, 2017 @ 2:55 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had a bullish momentum yesterday topped at 1.0949. The bias is bullish in nearest term testing 1.1000 – 1.1050 area. Immediate support is seen around 1.0900. A clear break back below that area could lead price to neutral zone in nearest term testing 1.0850. Price is in a tricky phase now. The gap as a result of fundamental event sometimes filled, which means we could see again the pre-gap level at 1.0730 this week. Any sustained movement below 1.0850 should support this scenario. On the other hand, a clear break and daily close above 1.1000 – 1.1050 could be an early signal of a new bullish trend which could mean that we may not see the pre-gap level again in the next few weeks or months.

eurusdhourly

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April 26th, 2017 @ 2:54 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a moderate bullish momentum yesterday topped at 1.2845. The bias is bullish in nearest term testing 1.2900 area. A clear break and daily close above that area would expose 1.3000 – 1.3050 area and give us further confirmation of the double bottom bullish scenario. Immediate support is seen around 1.2800. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below 1.2750 could interrupt the double bottom bullish scenario.

gbpusddaily

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April 26th, 2017 @ 2:53 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a strong bullish momentum yesterday, topped at 111.18 and hit 111.38 earlier today in Asian session. The bias is bullish in nearest term. Price broke above the trend line resistance as you can see on my H1 chart below suggests a potential short-term bullish view retesting 112.20 area.  Immediate support is seen around 110.85 (daily EMA 200). A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear.

usdjpyhourly

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April 26th, 2017 @ 2:51 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 0.9880. A clear break and daily close below that area would expose 0.9813 area. Immediate resistance is seen around 0.9970 but key resistance is seen at 1.0020 area which remains a good place to sell with a tight stop loss. Overall I remain neutral.

usdchfh4

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