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2017 April

April 17th, 2017 @ 10:24 pm by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.2596 but closed a little bit lower at 1.2561. The bias remains neutral in nearest term probably with a little bullish bias retesting 1.2615 resistance area. A clear break and daily close above that area would expose 1.2700 – 1.2750 region. Immediate support is seen around 1.2520 followed by 1.2480. Overall I remain neutral.

gbpusdh1

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April 17th, 2017 @ 10:21 pm by Setyo Wibowo

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USDJPY Forecast
The USDJPY attempted to push lower yesterday bottomed at 108.13 but closed higher at 108.90. The bias is neutral in nearest term. As you can see on my daily chart above, we have a hammer/pin bar formation after a bearish trend suggests a potential bullish pullback/reversal scenario. Overall I remain bearish, but need a clear break below 108.13 to reactivate my bearish mode targeting 107.50 or lower. Immediate resistance is seen around 109.30. A clear break above that area could trigger further bullish pullback testing 109.85 – 110.10 resistance area.

usdjpydaily

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April 17th, 2017 @ 10:21 pm by Setyo Wibowo

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USDCHF Forecast
The USDCHF didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. As long as stay above 1.0020 price is still in a bullish phase targeting 1.0115 and 1.0170 resistance levels. On the downside, a clear break and daily close back below 1.0020 would end the bullish phase testing 0.9970 or lower. Overall I remain neutral.

usdchfh4

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April 17th, 2017 @ 2:47 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD was indecisive last week. Price traded in narrow range, topped at 1.0677 but closed lower at 1.0610. The bias is neutral in nearest term. Price is still in a bearish phase since the false break above 1.0873 but the trend line support still holds so far, as you can see on my H4 chart above. Immediate resistance is seen around 1.0650. A clear break above that area could trigger further bullish pressure testing 1.0700 region. On the downside, a clear break and daily close below the trend line support and 1.0575 would expose 1.0500 region. Overall I remain neutral.

eurusdh4

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April 17th, 2017 @ 2:46 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bullish momentum last week topped at 1.2573. The bias is neutral in nearest term but as long as stay above 1.2480 I still prefer a bullish scenario at this phase retesting 1.2615 region. Immediate resistance is seen around 1.2575 followed by 1.2615. On the downside, a clear break and daily close below 1.2480 would end the bullish phase which started after bounced off 1.2375 key support. Overall I remain neutral.

gbpusdh1

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April 17th, 2017 @ 2:45 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY continued its bearish momentum last week after broke below 110.10 key support, bottomed at 108.53 and hit 108.13 earlier today in Asian session. The bias is bearish in nearest term testing 107.50 area. Immediate resistance is seen around 108.70. A clear break above that area could lead price to neutral zone in nearest term but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

usdjpydaily

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April 17th, 2017 @ 2:41 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive last week. The bias is neutral in nearest term but as long as stay above 1.0020 support area, price is still in a bullish phase testing 1.0115 and 1.0170 resistance levels. Immediate resistance is seen around 1.0060. On the downside, a clear break and daily close back below 1.0020 would end the bullish phase testing 0.9970 or lower. Overall I remain neutral.

usdchfh4

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April 14th, 2017 @ 1:48 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD failed to continue its bullish momentum yesterday after unable to break above the H4 EMA 200 resistance as you can see on my H4 chart below. Price is now retesting the trend line support which remains a good support and place to buy with a tight stop loss as a clear break below the trend line support and 1.0575 area would expose 1.0500 region as a part of the bearish continuation scenario after the false break above 1.0873. The bias is bearish in nearest term. Immediate resistance is seen around 1.0650. A clear break above that area could lead price to neutral zone in nearest term retesting the H4 EMA 200 and 1.0700 region. Overall I remain neutral.

eurusdh4

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