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The EURJPY approaches from the resistance – Analysis – 6-11-2021
The EURJPY price faced clear positive pressures yesterday by stochastic exit from the oversold level, which forces it to delay the negative attack, to approach from the bearish channel’s resistance at 129.60.
The upcoming scenario depends on the strength of the mentioned resistance, and its stability makes us expect renewing the negative attempts to target 129.00 and 128.40 level, while breaching the resistance and holding above it will confirm its move to the bullish track, to expect forming a strong bullish rally to face 129.85 level initially.
The expected trading range for today is between 129.60 and 128.80
The expected trend for today: Bearish if the resistance remained intact.
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Wheat price tests the EMA50 that forms good support against the price, while stochastic provides positive overlapping signals now, waiting to motivate the price to return to rise again, as our next main target is located at 782.20.
MoreSugar price awaits confirmation signal – Analysis - 06-10-2021
Sugar price continues to fluctuate within the symmetrical triangle that appears on the chart, thus, our neutrality will remain valid, waiting to break one of this pattern’s lines represented by 19.55 support and 20.00 resistance to detect the next destination clearly.
MoreSugar price awaits confirmation signal – Analysis - 06-10-2021
Sugar price continues to fluctuate within the symmetrical triangle that appears on the chart, thus, our neutrality will remain valid, waiting to break one of this pattern’s lines represented by 19.55 support and 20.00 resistance to detect the next destination clearly.
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