The EURJPY rises strongly – Analysis – 5-10-2021
The EURJPY price continued to form strong bullish trades, to notice surpassing the target at 132.05 and open the way to achieve additional gains and settle near 132.62, while the frequent fluctuation above 132.00 allows us to suggest more bullish attempts that might target 133.10 and 133.58 levels.
Also, stochastic fluctuation within the overbought areas forms major factor to confirm the continuation of the positivity by providing the additional positive momentum to ease the mission of reaching the mentioned positive stations.
The expected trading range for today is between 131.75 and 133.10
The expected trend for today: Bullish
The GBPJPY achieves big gains – Analysis – 5-10-2021
The GBPJPY pair resumed forming strong bullish waves to surpass many barriers and record big gains by reaching 156.80, noting that stochastic reach to the overbought areas will force the price to form temporary sideways fluctuation, with chances to touch the next main target at 157.00, to form solid barrier against it.
Therefore, we will keep waiting to reach the suggested target, followed by monitoring the price behavior due to the chances of forming correctional bearish rebound that might push it to decline towards 156.00 followed by reaching the additional support at 154.80.
The expected trading range for today is between 155.30 and 157.00
The expected trend for today: Bullish
Midday update for Wheat price 15-10-2021
Wheat price fluctuates around 735.00 level, and stochastic provides negative signals now, waiting to motivate the price to resume the expected bearish trend for today, which its first main target located at 717.00, noting that breaching 741.90 will stop the expected decline and push the price to turn to rise.
The expected trading range for today is between 710.00 support and 740.00 resistance.
The expected trend for today: Bearish
Midday update for Sugar price 15-10-2021
Sugar price tests 19.72 level, and the EMA50 forms negative pressure against the price to support the continuation of the expected bearish trend for today, which depends on the price stability below the mentioned level, while its next main target is located at 19.16.
The expected trading range for today is between 19.15 support and 19.80 resistance
The expected trend for today: Bearish