The EURJPY price ended the bullish rally due to its stability below 133.60 resistance, to form correctional bearish rebound and settle near 132.90.

Stochastic attempt to exit the overbought areas will increase the chances of gathering the negative momentum, to force it to suffer additional losses that might extend towards the initial support at 132.05.

The expected trading range for today is between 129.55 and 128.05

The expected trend for today: Bearish

No change to the CADJPY pair’s bullish track, as it remains stable within the bullish channel, to move away from the main support at 91.20, thus, we will keep waiting to gather the positive momentum to ease the mission of reaching the first additional target at 93.75, while surpassing this barrier might extend trades towards 94.25 direct.

The expected trading range for today is between 92.00 and 93.30

The expected trend for today: Bullish

Wheat price succeeded to achieve our first waited target at 756.00 and settles there, and the positive effect of the inverted head and shoulders’ pattern still active, waiting for more rise to visit 766.50 as a next positive station.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period supported by the EMA50, conditioned by the price stability above 741.90.

The expected trading range for today is between 750.00 support and 766.00 resistance.

The expected trend for today: Bullish

Sugar price crawls downwards to gradually approach our waited target at 18.70, reminding you that the price is affected by the double top pattern that we expect to cause extension to the bearish wave to reach 18.25 as a next station.

Therefore, we suggest the continuation of the bearish trend on the intraday basis, noting that breaching 19.16 will stop the current negative pressure and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 18.30 support and 19.16 resistance

The expected trend for today: Bearish