The GBPUSD pair tested the intraday bearish channel’s resistance, and the price needs to hold below 1.3835 to keep the bearish trend scenario active for the upcoming period, as breaching this level will push the price back to the main bullish track again, while the main targets of the expected bearish wave are located at 1.3675 followed by 1.3580.

The expected trading range for today is between 1.3640 support and 1.3800 resistance.

The expected trend for today: Bearish

The EURUSD pair shows some bullish bias now, affected by stochastic positivity, and as long as the price is below 1.1780, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our next main target extends to 1.1605.

The expected trading range for today is between 1.1605 support and 1.1780 resistance.

The expected trend for today: Bearish

Wheat price traded with strong negativity yesterday to reach the thresholds of the waited target at 596.30, reminding you that the price is affected by the previously completed double top pattern, which has negative targets that surpass the mentioned level to reach 566.80.

Therefore, the bearish trend will remain dominant in the upcoming sessions unless breaching 614.60 and holding above it.

The expected trading range for today is between 590.00 support and 605.00 resistance.

The expected trend for today: Bearish

Sugar price shows calm negative trades to move away gradually from 15.00 level, reinforcing the expectations of continuing the decline on the intraday and short term basis, waiting to head towards 14.34 that represents our next station.

The bearish channel continues to organize the suggested bearish wave, which will remain valid unless the price rallied to breach 15.55 and hold above it.

The expected trading range for today is between 14.60 support and 15.00 resistance

The expected trend for today: Bearish