Today we are seeing a nice setup on CHFJPY as it bounced off our first support and we are expecting a further rise to our major resistance target. We are also seeing a nice setup on EURUSD as it is testing our first resistance and we are expecting a drop from this level to our major support target. Here are some of our nice call previously: 1. CHFJPY broke out nicely from our first support to hit our major support target:
2. GBPJPY dropped nicely from our first resistance to hit our major support target:
3. BTCUSD dropped perfectly 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.