Today we are seeing a nice setup on USDJPY as it is approaching support which coincides with our long term ascending support line, where we expect a bounce above this level. We are also seeing a nice setup on GBPUSD as it is approaching our first resistance which coincides with our long term descending resistance line where we are expecting a drop below this level. 1. USDCHF bounced nicely above our first support and is approaching our major resistance target: 
2. Nikkei bounced perfectly up and is approaching our major resistance 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.