Sugar recently reversed up sharply from the support zone lying between the key support level 11.40 (monthly low from May) and the lower daily Bollinger Band.
The upward reversal from this support zone started the active medium-term impulse wave (3).
Sugar is expected to rise further and retest the next resistance level 12.750 – which coincides with the resistance trendline of the daily down channel from last October.
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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