The EURJPY pair provided mixed sideways trades yesterday due to the frequent consolidation below 133.55 resistance, to hinder the bullish rally temporarily as expected, reminding you that the chances are valid to start the correctional bearish rebound that might target 132.50 soon.

These factors allow us to suggest the negative fluctuation for now unless breaching the mentioned resistance, as it will activate the bullish track again to open the way to target new positive stations by reaching 134.10 and 134.90 levels.

The expected trading range for today is between 133.60 and 132.50

The expected trend for today: Bearish

Wheat price ended yesterday below 1114.00, starting today with additional bearish bias to head towards testing 1043.30 level, noting that the price returns to the sideways track that its lines represented by the mentioned levels, and the price needs to surpass one of these levels to detect its next destination clearly.

Therefore, the sideways bias will be suggested on the intraday basis until breaking 1043.30 support or breaching 1114.00 resistance, noting that breaking the mentioned support will press on the price to achieve additional bearish correction that its next target reaches 972.80, while breaching the resistance represents the key to resume the main bullish trend that its next target located at 1200.00.

The expected trading range for today is between 1040.00 support and 1114.00 resistance.

The expected trend for today: Sideways

Sugar price breached 19.16 level initially and attempts to hold above it, reinforcing the expectations of continuing the bullish trend, paving the way to head towards our next positive target at 19.72.

The EMA50 supports the expected rise, noting that failing to consolidate above 19.16 will press on the price to decline and test 18.70 areas before any new attempt to rise.

The expected trading range for today is between 18.90 support and 19.60 resistance

The expected trend for today: Bullish

Soybean price provided positive trades yesterday to test 1720.00 level, showing some bearish bias now affected by stochastic negativity, waiting to get positive momentum to assist to push the price to resume the main bullish trend, which its next target located at 1757.00.

Therefore, the bullish trend scenario will remain active, noting that breaking 1684.00 will put the price under intraday negative pressure that targets testing 1654.00 areas and might extend to 1621.50 before any new attempt to rise.

The expected trading range for today is between 1680.00 support and 1730.00 resistance.

The expected trend for today: Bullish