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2014 April

April 23rd, 2014 @ 3:37 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY was indecisive yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 103.00 or higher. Immediate support remains around 102.35. A clear break below that area could lead price to neutral zone in nearest term testing 102.00 – 101.50. As long as stays above the trend line support, my overall technical outlook remains bullish.

usdjpydaily

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April 23rd, 2014 @ 3:29 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 0.8815 support area. A clear break below that area could trigger further bearish pressure testing 0.8740. Overall, as long as stays below 0.8870 I still prefer a bearish scenario at this phase.

usdchfhourly

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April 22nd, 2014 @ 4:38 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD didn’t make significant movement yesterday. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.3780 – 1.3850. A clear break below 1.3780 could trigger further bearish pressure testing 1.3750 – 1.3700. On the other hand,  a clear break above 1.3850 could trigger further bullish pressure testing 1.3900 before challenging 1.4000. The ascending triangle bullish scenario on daily chart remains valid.

eurusdhourly

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April 22nd, 2014 @ 4:34 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD didn’t make significant movement yesterday. The bias remains neutral in nearest term. My major outlook remains bullish, but need a clear break above 1.6820 key resistance area to continue the bullish scenario testing 1.6850 – 1.6900. CCI is back below 100 level on daily chart, suggests a potential bearish pullback if 1.6820 resistance can not be clearly broken, testing 1.6750 – 1.6700 support area.

gbpusddaily

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April 22nd, 2014 @ 4:30 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 bullish intraday bias so far. The bias remains bullish in nearest term testing 103.00 or higher. Immediate support remains around 102.35. A clear break below that area could lead price to neutral zone in nearest term testing 102.00 – 101.50. As long as stays above the trend line support, my overall technical outlook remains bullish.

usdjpydaily

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April 22nd, 2014 @ 4:24 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF had a moderate bullish momentum yesterday. The bias remains bullish in nearest term testing 0.8870. A clear break above that area could trigger further bullish pressure testing 0.8950. Immediate support is seen around 0.8815. A clear break below that area could lead price to neutral zone in nearest term testing 0.8780 – 0.8740. Overall I still prefer a bearish scenario at this phase unless price convincingly moves above 0.8870.

usdchfhourly

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April 21st, 2014 @ 3:19 am by Setyo Wibowo

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EURUSD Forecast        

The EURUSD didn’t make significant movement last week. The bias is neutral in nearest term. Immediate support is seen around 1.3780. A clear break below that area could trigger further bearish pressure testing 1.3750 – 1.3700. Immediate resistance is seen around 1.3850. A clear break above that area could trigger further bullish pressure testing 1.3900 before testing 1.4000. Although we haven’t seen strong and convincing bullish momentum so far, the ascending triangle bullish scenario remains valid.

eurusddaily

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April 21st, 2014 @ 3:15 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD attempted to push lower last week but still unable to make a clear break above 1.6820 key resistance so far. The bias is neutral in nearest term probably with a little bullish bias especially if price able to make a clear break above 1.6820 testing 1.6850 – 1.6900. Immediate support is seen around 1.6750. A clear break below that area could trigger further bearish pressure testing 1.6700 or lower. Overall I still prefer a bullish scenario at this phase.

gbpusddaily

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