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2019 April

April 23rd, 2019 @ 5:19 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD had a mild bullish momentum yesterday topped at 1.1262. The bias is neutral in nearest term. From an hourly chart perspective as you can see on my H1 chart below, price is moving inside a minor bullish corrective channel after a strong bearish pressure following a failure to break above 1.1325 last week. I still prefer a bearish scenario at this phase but need a clear break below the bullish channel and 1.1240 support area to resume the bearish run retesting 1.1215 – 1.1185 key support area which remains a good place to buy with a tight stop loss as a clear break below that area would resume the major bearish trend testing 1.1125/00 or lower. On the upside, key short term resistance is seen around 1.1265-1.1280 region. A clear break above that area would invalidate the overall short term bearish bias retesting 1.1325 area. My major technical bias remains bearish.

eurusdh1

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April 23rd, 2019 @ 5:18 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD didn’t make significant movement yesterday. The US Dollar is still able to maintain its strength but the pair is still struggling around 1.3000 key support area which in my opinion still holds so far despite heavy pressures. The bias remains bearish in nearest term testing 1.2960/50. A clear break and daily close below that area would confirm the invalidation of the major bullish trend testing 1.2900 – 1.2800 area. Immediate resistance is seen around 1.3030 – 1.3050 area. A clear break and daily close above that area would keep the major bullish trend alive and kicking testing 1.3100/30 region.

gbpusddaily

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April 23rd, 2019 @ 5:17 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY didn’t make significant movement yesterday. The bias remains neutral in nearest term. Price is still in a bullish phase since bounced-off 110.00 but the fact that 112.00 resistance area still holds so far could signal a bullish exhaustion which could create a range area between 112.00 – 110.00 in one or two weeks ahead. Immediate support is seen around 111.65. A clear break and daily close below that area could trigger further bearish pressure testing 111.00 or lower. On the upside, a clear break and daily close above 112.00 would easily target 113.15 region.

usdjpydaily

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April 23rd, 2019 @ 5:16 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday but overall still able to maintain its strong short term bullish bias so far indicated by a consistent and convincing movement above the H1 EMA 200 as you can see on my H1 chart below. The bias remains bullish in nearest term testing 1.0170 – 1.0250 area. Immediate support is seen around 1.0130. A clear break below that area could lead price to neutral zone in nearest term testing 1.0095 area. Overall I am neutral on this pair so although price is in a bullish phase now, sell on rally is not a bad idea targeting a move lower towards the H1 EMA 200.

usdchfh1

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April 22nd, 2019 @ 4:38 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD had a bearish momentum last week bottomed at 1.1226. The bias remains bearish in nearest term testing 1.1215 – 1.1185 key support area which is a good place to buy with a tight stop loss as a clear break and daily close below that area would resume the major bearish trend testing 1.1125/00 or lower. Immediate resistance is seen around 1.1250. A clear break above that area could lead price to neutral zone in nearest term testing 1.1300/25 region. My major technical outlook remains bearish.

eurusddaily

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April 22nd, 2019 @ 4:37 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum last week and now struggling around 1.3000 key support area which remains a good place to buy. The bias is bearish in nearest term. A clear break and consistent movement below 1.3000 would invalidate my major bullish outlook testing 1.2900 – 1.2800 region this week. Immediate resistance is seen around 1.3050. A clear break above that area could lead price to neutral zone in nearest term testing 1.3100/30 region.

gbpusddaily

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April 22nd, 2019 @ 4:33 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY didn’t make significant movement last week. Price is still struggling around 112.00 resistance area as you can see on my daily chart below which remains a good place to sell with a tight stop loss as a clear break above 112.00 would target 113.15 or higher. The bias is neutral in nearest term. Immediate support is seen around 111.75. A clear break below that area could trigger further bearish pressure testing 111.00 or lower.

usdjpydaily

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April 22nd, 2019 @ 4:31 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a strong bullish momentum last week topped at 1.0159 after broke above 1.0095 key resistance area. The bias remains bullish in nearest term testing 1.0170 – 1.0250 area. Immediate support is seen around 1.0110. A clear break below that area could lead price to neutral zone in nearest term testing 1.0080/50 region. Overall I am neutral on this pair so although price is in a bullish phase now, sell on rally is not a bad idea either.

usdchfdaily

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