Today we are seeing a nice setup on GPBUSD as it is approaching support where we are expecting a bounce above that level. We are also seeing a nice setup on USDJPY as it is approaching resistance where we are expecting a drop below that level.
1. EURCAD dropped perfectly from our first resistance and is approaching our major support target: 
2. AUDCAD dropped perfectly from our first resistance and is approaching our major support target: 
3. AUDCHF bounced perfectly from our first support and is approaching our major resistance target: 
4. USDCHF bounced perfectly above our first support to hit our major support target: 
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.