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2017 April

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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April 24th, 2017 @ 1:27 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD gaps higher earlier today after Macron and Le Pen made it to the second round of French election, opened at 1.0903 but unable to stay consistently above 1.0873 – 1.0900 key resistance and traded lower around 1.0840 at the time I wrote this comment. From technical perspective as you can see on my daily chart below, if price close back below 1.0873 today, we may see another bearish pullback retesting the trend line support and 1.0650/00 region this week. I am not bullish yet on this pair, but a clear break and daily close above 1.0900 would expose 1.1000 – 1.1050 region. Overall I remain neutral.

eurusddaily

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April 24th, 2017 @ 1:26 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum last week topped at 1.2903 but closed a little bit lower at 1.2806. The bias is neutral in nearest term but as long stay above 1.2750 the double bottom bullish scenario should remain valid with nearest target seen at 1.3000 – 1.3050. On the downside, a clear break and daily close back below 1.2750 would interrupt the bullish scenario testing 1.2650 region.

gbpusddaily

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