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April 9th, 2019 @ 5:30 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a moderate bearish momentum yesterday and still struggling around 0.9985 resistance area as you can see on my daily chart below. The bias remains neutral in nearest term. Immediate support is seen around 0.9977 (yesterday’s low). A clear break and daily close below that area could trigger further bearish pressure testing 0.9900 region. Immediate resistance is seen around 1.0015 area. A clear break and daily close above that area would retest 1.0095 key resistance area which remains a good place to sell.

usdchfdaily

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April 8th, 2019 @ 4:25 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD was indecisive last week. The bearish pressure stalled at 1.1215 key support area as you can see on my daily chart below, which remains a good place to buy. The bias is neutral in nearest term. Immediate resistance is seen around 1.1250. A clear break and daily close above that area would create another false breakout bullish scenario testing 1.1300 – 1.1400 region. On the downside, a clear break and consistent movement below 1.1215 would target 1.1125/00 area this week.

eurusddaily

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April 8th, 2019 @ 4:24 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD attempted to push higher last week topped at 1.3195 but whipsawed to the downside and  closed lower at 1.3034, printed a bearish pin bar on weekly chart which is a serious threat to the bullish outlook. The bias is neutral in nearest term. Key support remains at 1.3000 region which remains a good place to buy with a tight stop loss as a clear break below 1.3000 would invalidate my major bullish outlook testing 1.2900 – 1.2800 region. Immediate resistance is seen around 1.3120. A clear break and daily close above that area would retest 1.3210/45 region.

gbpusddaily

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April 8th, 2019 @ 4:21 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY continued its bullish momentum last week topped at 111.81 but traded lower earlier today in Asians session hit 111.34. Price is still in a bullish phase since bounced-off 110.00 support area as you can see on my daily chart below but a failure to break above 112.00 could trigger another bearish pullback. The bias is bearish in nearest term testing 111.00. A clear break and daily close back below that area would retest 110.00 region. On the upside, we need a clear break above 112.00 to resume the bullish run testing 113.15 or higher.

usdjpydaily

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April 8th, 2019 @ 4:19 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF had a bullish momentum last week topped at 1.0012 but still struggling around 0.9985 resistance as you can see on my daily chart below. The bias is neutral in nearest term. Immediate support is seen around 0.9980. A clear break and daily close below that area could create a false breakout bearish pullback retesting 0.9900 key support area. On the upside, a clear break and daily close above 1.0012 would retest 1.0095 key resistance area which remains a good place to sell.

usdchfdaily

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April 5th, 2019 @ 6:02 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD was indecisive yesterday. The bias is neutral in nearest term but there is a potential bullish scenario from here after another false break below 1.1215 key support as you can see on my daily chart below. Immediate resistance is seen around 1.1250/55. A clear break and daily/weekly close above that area would target 1.1400 region next week. On the downside, 1.1215 remains a key support and good place toy buy with a tight stop loss as a clear break and daily/weekly close below that area would resume the major bearish trend testing 1.1125/00 or lower. Fundamental focus today will be on the US NFP data.

eurusddaily

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April 5th, 2019 @ 6:00 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.3059 but traded a little bit higher earlier today in Asian session hit 1.3122. The bias is neutral in nearest term but as long as stay above 1.3000 I still prefer a bullish scenario at this phase. Immediate support is seen around 1.3059. A clear break below that area would retest 1.3000 region which is a good place to buy with a tight stop loss as a clear break below that area would invalidate my major bullish outlook. Immediate resistance is seen around 1.3150 followed by 1.3210 area. Fundamental focus today will be on the US NFP data.

gbpusddaily

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April 5th, 2019 @ 5:59 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 111.68 and hit 111.79 earlier today in Asian session. The bias remains bullish in nearest term testing 112.00 region. 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. On the upside, a clear break and daily/weekly close above 112.00 would target 113.15 or higher next week. Fundamental focus today will be on the US NFP data.

usdjpydaily

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