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2017 April

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

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USDJPY Forecast
The USDJPY gaps higher earlier today opened at 110.46 but traded lower around 110.00 at the time I wrote this comment after French election result. As you can see on my H1 chart below, price respecting the trend line resistance which keeps the major bearish trend remains valid. Immediate support is seen around 109.40. A clear break and daily close back below that area would expose 108.70 region. On the upside, a clear break and daily close above the trend line resistance and 110.50 could trigger further bullish pressure testing 111.00 area or higher.

usdjpyhourly

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April 24th, 2017 @ 1:23 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF gaps lower earlier today after French election, opened at 0.9904 but traded a little bit higher around 0.9940 at the time I wrote this comment. The bias is neutral in nearest term but as long as stay below 1.0020 price is still in a bearish phase testing 0.9880 and 0.9813 area. Immediate resistance is seen around 0.9965. A clear break above that area could trigger further bullish pressure testing 1.0020 which is a good place to sell with a tight stop loss. Overall I remain neutral.

usdchfh4

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April 21st, 2017 @ 12:20 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 109.48. The bias is bullish in nearest term testing 110.10 and the trend line resistance as you can see on my H1 chart below which is a good place to sell as we know that the current short-term bullish trend is just a corrective movement. Immediate support is seen around 109.20. A clear break below that area could lead price to neutral zone in nearest term testing 108.70 region but only a clear break back below 108.13 would end the current bullish correction phase.

usdjpyhourly

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April 21st, 2017 @ 12:14 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.0777 but closed lower at 1.0715, formed a pin bar formation just below the EMA 200 as you can see on my daily chart below. The bias is bearish in nearest term retesting the trend line support and 1.0650/25 area which also remains a key support and good place to buy with a tight stop loss. Immediate resistance is seen around 1.0750. A clear break above that area could lead price to neutral zone in nearest term testing 1.0777 and the daily EMA 200 located around 1.0800. Overall I remain neutral.

eurusddaily

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April 21st, 2017 @ 12:13 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a moderate bullish momentum yesterday topped at 1.2847 but closed a little bit lower at 1.2810. The bias is neutral in nearest term. The double bottom bullish scenario should remain valid but we still need a consistent and convincing movement  above the daily EMA 200 (1.2780). Immediate support remains around 1.2750. A clear break and daily/weekly close below that area would expose 1.2650 or lower next week. On the upside, a clear break and daily/weekly close above 1.2850 – 1.2900 would give us further confirmation of the double bottom bullish scenario with nearest target seen around 1.3000 – 1.3050.

gbpusddaily

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April 21st, 2017 @ 12:11 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF attempted to push lower yesterday bottomed at 0.9940 but closed higher at 0.9986 and hit 0.9991 earlier today in Asian session. The bias is neutral in nearest term probably with a little bullish bias testing 1.0020 resistance area which remains a good place to sell with a tight stop loss targeting 0.9880. Immediate support is seen around 0.9940. A clear break and daily/weekly close below that area would expose 0.9880 – 0.9813 next week. Overall I remain neutral.

usdchfh4

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April 20th, 2017 @ 2:33 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term. Price is still in a bullish phase since bounced off the trend line support, but we have a CCI bearish divergence as you can see on my H4 chart below suggests a potential bearish pullback retesting the trend line support. Immediate support is seen around 1.0700. A clear break below that area could trigger further bearish pressure testing 1.0650/25 region. Immediate resistance is seen around 1.0735. A clear break above that area could trigger further bullish pressure testing 1.0800 region. Overall I remain neutral.

eurusdh4

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April 20th, 2017 @ 2:31 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was corrected lower yesterday and now struggling around the daily EMA 200 (1.2780) as you can see on my daily chart below. The bias is neutral in nearest term. Immediate support is seen around 1.2750. A clear break below that area could trigger further bearish pressure testing 1.2700 or lower. Immediate resistance is seen around 1.2810. A clear break above that area could trigger further bullish pressure testing 1.2860 – 1.2900 and keep the double bottom bullish scenario remains alive and kicking.

gbpusddaily

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