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Articles by Setyo Wibowo

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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April 25th, 2017 @ 2:49 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push lower yesterday bottomed at 1.0820 but closed a little bit higher at 1.0865 after gapped higher on French election.  The bias is neutral in nearest term. Price failed to close above 1.0873 – 1.0905 key resistance, suggests another potential bearish pullback retesting the trend line support and 1.0650 region. We also have a potential double top scenario as you can see on my daily chart below which support the bearish outlook. On the upside, a clear break and daily close above 1.0873 – 1.0905 would expose 1.1000 – 1.1050 region. Overall I remain neutral.

eurusddaily

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April 25th, 2017 @ 2:48 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term. Price is still traded around the daily EMA 200 as you can see on my daily chart below. Immediate support is seen around 1.2750. A clear break below that area would interrupt the double bottom bullish scenario testing 1.2650 area. Immediate resistance is seen around 1.2840. A clear break above that area could trigger further bullish pressure testing 1.2900 or higher.

gbpusddaily

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April 25th, 2017 @ 2:47 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY gapped higher yesterday opened at 110.46 but closed lower at 109.74 after touched the trend line resistance as you can see on my H1 chart below. The bias is bearish in nearest term testing 109.40. A clear break and daily close below that area would expose 108.70 region. Immediate resistance is seen around the trend line resistance located around 110.35. A clear break above that area could lead price to neutral zone in nearest term testing 110.85 region (daily EMA 200).

usdjpyhourly

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April 25th, 2017 @ 2:45 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF gapped lower yesterday opened at 0.9904 on French election but closed higher at 0.9958. The bias is neutral in nearest term probably with a little bullish bias testing 1.0020 area which remains a good place to sell with a tight stop loss. Immediate support is seen around 0.9930. A clear break below that area could trigger further bearish pressure testing 0.9880 before testing 0.9813. Overall I remain neutral.

usdchfh4

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