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April 15th, 2019 @ 4:32 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF continued its bullish momentum last week topped at 1.0045 following a break above 0.9985 resistance area as you can see on my daily chart below. The bias is bullish in nearest term testing 1.0095 key resistance area which remains a good place to sell. Immediate support is seen around 0.9985. A clear break and daily close back below that area could create a false breakout bearish scenario retesting 0.9900 region.

usdchfdaily

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April 12th, 2019 @ 3:42 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD had a moderate bearish momentum yesterday but overall still able to maintain its bullish bias since the false break below 1.1215 and hit 1.1292 earlier today in Asian session. The bias remains bullish in nearest term testing 1.1300 – 1.1325 region. A clear break and daily/weekly close above that area could trigger further bullish pressure retesting 1.1400 region next week. Immediate support is seen around 1.1250. A clear break below that area could lead price to neutral zone in nearest term retesting 1.1215 key support area which remains a good place to buy.

eurusddaily

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April 12th, 2019 @ 3:37 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD didn’t make significant movement yesterday. The bias remains neutral in nearest term. It’s been a slow week for this pair, and the best strategy for now is to buy around 1.3000 key support area with a tight stop loss as a clear break below that area would invalidate the major bullish outlook. Immediate resistance is seen around 1.3120. A clear break and daily/weekly close above that area would target 1.3210/45 area next week.

gbpusddaily

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April 12th, 2019 @ 3:36 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 111.69 and hit 111.81 earlier today in Asian session. The bias is bullish in nearest term retesting 112.00 key resistance area which is a good place to sell with a tight stop loss as a clear break above that area could easily target 113.15 or higher. Immediate support is seen around 111.50. A clear break below that area could lead price to neutral zone in nearest term testing 111.00 region.

usdjpydaily

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April 12th, 2019 @ 3:26 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF was indecisive yesterday but overall still able to maintain is bullish bias. The bias remains bullish in nearest term testing 1.0095 key resistance area which remains a good place to sell. Immediate support is seen around 1.0000 – 0.9985 region. A clear break back below that area could lead price to neutral zone in nearest term but could create a false breakout bearish scenario testing 0.9900 region.

usdchfdaily

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April 11th, 2019 @ 5:33 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD attempted to push lower yesterday bottomed at 1.1229 but closed higher at 1.1273 and hit 1.1280 earlier today in Asian session. This fact keeps the false breakout (below 1.1215) bullish scenario alive and kicking. The bias is bullish in nearest term testing 1.1300/25 region. Immediate support is seen around 1.1245. A clear break below that area could lead price to neutral zone in nearest term retesting 1.1215 key support area which remains a good place to buy with a tight stop loss as a clear break and daily close below that area could resume the major bearish trend testing 1.1125/00 or lower. On the upside, a clear break and daily close above 1.1300/25 would target 1.1400 region.

eurusddaily

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April 11th, 2019 @ 5:32 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a moderate bullish momentum yesterday topped at 1.3119. The bias is neutral in nearest term. Immediate resistance is seen around 1.3125. A clear break above that area could trigger further bullish pressure testing 1.3180 – 1.3210 region. Immediate support is seen around 1.3080. A clear break below that area could trigger further bearish pressure testing 1.3050 but key support remains at 1.3000 area which remains a good place to buy with a tight stop loss as a clear break below that area would invalidate the major bullish outlook.

gbpusddaily

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April 11th, 2019 @ 5:30 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bearish bias after another failure to break above 112.00 area as you can see on my daily chart below. The bias remains bearish in nearest term testing 110.50/00 area. Immediate resistance is seen around 111.30. A clear break above that area could lead price to neutral zone in nearest term testing 111.60 area but key resistance remains at 112.00 region which is a good place to sell with a tight stop loss as a clear break above 112.00 could easily target 113.15 region.

usdjpydaily

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