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2017 April

April 3rd, 2017 @ 1:49 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive last week. The “hammer” bullish reversal signal remains valid although we haven’t seen a convincing and strong/consistent movement above 111.30 key level area so far. The bias is neutral in nearest term. Immediate support is seen around 111.00. A clear break below that area could trigger further bearish pressure testing 110.70/50 area but key support remains at 110.10. Immediate resistance is seen around 111.60. A clear break above that area could trigger further bullish pressure testing 112.00 or higher.

usdjpydaily

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April 3rd, 2017 @ 1:46 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push lower last week bottomed at 0.9813 but whipsawed to the upside and closed higher at 1.0023. The bias is bullish in nearest term testing 1.0060. A clear break and daily close above that area would expose 1.0120 region. Immediate support is seen around 0.9990. A clear break below that area could lead price to neutral zone in nearest term testing 0.9950 area. Overall I remain neutral.

usdchfh4

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