Today we are seeing a nice setup on USDJPY as it is approaching our short term ascending support line and we are expecting a bounce off that level. RSI is also approaching our support and we might see a corresponding rise in price should it bounce off that level. We are also seeing a nice setup on XAUUSD as it is approaching its resistance which coincides with a Fibonacci extension and Fibonacci retracement and a strong drop could occur below that level, pushing price down to our major support target. Here are some of our nice calls previously: 1. GBPJPY dropped perfectly from our resistance and is approaching our major support target: 
2. EURGBP rallied perfectly to hit our major resistance target: 
3. GBPAUD 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.