Today we are seeing a nice setup on USDCHF as it is approaching or first resistance which coincides with our Fibonacci retracement and Fibonacci extension level where we expect a drop to occur below this level. We are also seeing a nice setup on USDJPY where it is approaching our first resistance where we expect a drop below that level. Stochastic is also approaching our resistance where a reaction below this level might see a corresponding drop in price. Here are some of our nice calls previously: 1. AUDUSD reversed nicely below our first resistance and is approaching our major support target: 
2. NZDUSD dropped below our first resistance 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.