Today we are seeing a nice setup on CADJPY as it is approaching our short term descending resistance line and first resistance. A strong reaction might occur at this level, pushing price down to our major support. Stochastic is also approaching our resistance and we might see a corresponding drop in price. 1. EURCHF dropped perfectly from our resistance to hit our major support 
2. USDJPY is bouncing nicely up from our first support and ascending support line 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.