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2017 April

April 11th, 2017 @ 1:16 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias is neutral in nearest term but overall price is still in a bullish phase with 1.0020 – 1.0060 as key support area targeting 1.0170 area. A clear break and daily close above that area would expose 1.0250 or higher. On the downside, a clear break and daily close back below 1.0020 would be a threat to the bullish phase testing 0.9970 region. Overall I remain neutral.

usdchfh4

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April 10th, 2017 @ 2:24 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD continued its bearish momentum last week bottomed at 1.0580. The bias is bearish in nearest term testing 1.0500 region but as you can see on my H4 chart below price is struggling around a trend line support which could be a good support at this phase. Immediate resistance is seen around 1.0605. A clear break above that area could lead price to neutral zone in nearest term but only a clear break back above 1.0700 would be a threat to the current short-term bearish outlook. On the downside, a clear break and daily close below 1.0500 would expose 1.0350 region this week. Overall I remain neutral.

eurusdh4

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April 10th, 2017 @ 2:18 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum last week bottomed at 1.2365. Price broke below the triangle formation as you can see on my H1 chart below suggests a bearish short-term trend. The bias is bearish in nearest term testing 1.2300. Immediate resistance is seen around 1.2420. A clear break above that area could lead price to neutral zone in nearest term testing 1.2470 area. Overall I remain neutral.

gbpusdh1

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April 10th, 2017 @ 2:11 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had another indecisive movement last week. Price slipped back above 111.30 key level after another rejection below 110.10 key support suggests a potential bullish short-term bias. The bias is bullish in nearest term testing 112.00/20 area. Immediate support is seen around 111.00. A clear break below that area could lead price to neutral zone in nearest term but key support remains at 110.10 which need to be broken to the downside to continue the bearish scenario.

usdjpydaily

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April 10th, 2017 @ 2:07 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF continued its bullish momentum last week, broke above 1.0060 resistance. The bias is bullish in nearest term testing 1.0170 region. Immediate support is seen around 1.0060. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 1.0020 price is still in a bullish phase since bounced off 0.9813 two weeks ago. Overall I remain neutral.

usdchfh4

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April 7th, 2017 @ 1:13 am by Setyo Wibowo

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EURUSD Forecast    
The EURUSD had another indecisive movement yesterday but overall still able to maintain its bearish phase. Price has been moving in a 60 pips trading range since Monday. The bias remains neutral in nearest term probably with a little bearish bias testing 1.0600. A clear break below that area could trigger further bearish pressure testing 1.0550 – 1.0500 region. On the upside, 1.0700 – 1.0750 area remains a key resistance at this phase and a good place to sell with a tight stop loss as a clear break above that area would be a serious threat to the short-term bearish phase. Fundamental focus today will be on the US NFP. Overall I remain neutral.

eurusdhourly

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April 7th, 2017 @ 1:11 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term and price is still moving inside the triangle formation as you can see on my H1 chart below. Overall price is still in a bullish phase but needs a clear break above the triangle and 1.2500/25 area to continue the bullish run retesting 1.2615. On the downside, the lower line of the triangle located around 1.2425 and 1.2375 are key supports at this phase. Fundamental focus today will be on the US NFP. Overall I remain neutral.

gbpusdh1

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April 7th, 2017 @ 1:05 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had another indecisive movement yesterday. The bias is neutral in nearest term. Important range area to be closely watched is seen between 111.30 – 110.10. Overall price is still in a bearish phase but needs a clear break and daily/weekly close below 110.10 to continue the bearish scenario with nearest target seen at 108.50. On the upside, a clear break and daily/weekly close above 111.30 would expose 112.00 or higher. Fundamental focus today will be on the US NFP.

usdjpydaily

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