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Resistance line breached by Soybean Meal DECEMBER 2019. This price has been tested at least twice before.

Soybean Meal DECEMBER 2019 has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 305.8430 can be expected within the next 23 hours.

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We expect a $287.06 movement on USDJPY within 48 hours following the event release at 31 Oct 23:30.

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