Sugar today broke the pivotal resistance level 1.5280 (top of the Falling Star from December) – which was proceeding by the breakout of the resistance trendline of the daily down channel from October.
The breakout of the resistance level 1.5280 should accelerate the active short-term impulse wave 3 from the start of January.
Sugar is expected to rise further and re-test the next resistance level 13.20 (top of the previous corrective wave (b) from the end of November).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies