The EURJPY pair formed strong bullish rally to surpass 136.15 level, to test the historical high at 137.52 and rebounds quickly towards 135.50.

We expect to form additional support at 134.80, to renew the bullish attempts and increase the chances of reaching the mentioned top, while surpassing it will move trades towards the main bullish channel’s resistance at 138.70.

The expected trading range for today is between 134.80 and 137.00

The expected trend for today: Bullish

Wheat price touched the sideways range’s support line at 1043.30 and begins to prepare to start intraday bullish wave, on its way to test the mentioned range’s resistance at 1114.00 in the upcoming sessions.

Therefore, the sideways move scenario will remain dominant until the price manages to surpass one of the above mentioned levels, noting that breaching the resistance will lead the price to resume the main bullish trend that its next target located at 1200.00, while breaking the support will press on the price to achieve additional bearish correction that its next target reaches 972.80.

The expected trading range for today is between 1030.00 support and 1080.00 resistance.

The expected trend for today: Sideways

Sugar price continues to provide the positive trades, waiting for more rise to visit 19.72 as a next station, reminding you that breaching it will lead the price to continue the rise and head towards 20.00 followed by 20.63 levels.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 19.16 and holding below it.

The expected trading range for today is between 19.30 support and 20.00 resistance

The expected trend for today: Bullish

Soybean price broke the bullish trend line clearly and settled below it, to head towards testing 1621.50 in the upcoming sessions, noting that the expected decline is temporary, waiting to resume the main bullish trend that its next target located at 1757.00.

Note that breaching 1677.00 will stop the suggested negative scenario and lead the price to regain the bullish track again.

The expected trading range for today is between 1625.00 support and 1700.00 resistance.

The expected trend for today: Bearish temporarily