252
Analyst

Key option levels for Friday, August 12th


EUR/USD


Main trend Short-term period Medium-term period
Bearish Bearish
Changes in the open interest + 13 229 ↑ + 45 219 ↑
Closest resistance levels 1.1208; 1.1225; 1.1246; 1.1272
Closest support levels 1.1121; 1.1106; 1.1087; 1.1063
Trading recommendations
Baseline scenario Short EUR/USD below 1.1121, with target points at 1.1106 and 1.1087
Alternative scenario Moving above 1.1208 can be considered as a signal to buy the pair, with target at 1.1225 and 1.1246

 


GBP/USD


Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 1 645 ↑ + 1 188 ↑
Closest resistance levels 1.3055; 1.3096(74?); 1.3120; 1.3148
Closest support levels 1.2927; 1.2897; 1.2878; 1.2856
Trading recommendations
Baseline scenario Sell GBP/USD below 1.2927, with target points at 1.2897 and 1.2878
Alternative scenario Moving above 1.3055 can be considered as a signal to buy the pair, with target at 1.3096 and 1.3120

 

 


USD/JPY


Main trend Short-term period Medium-term period
Neutral Neutral
Changes in the open interest + 261 ↑ + 229 ↑
Closest resistance levels 102.29/43; 102.59; 102.79; 103.03
Closest support levels 101.51; 101.25; 101.06; 100.83
Trading recommendations
Baseline scenario Short USD/JPY below 101.51, with target points at 101.25 and 101.06
Alternative scenario Moving above 102.29 can be considered as a signal to buy the pair, with target at 102.59 and 102.79

 


USD/CAD (Caution: Thin Market!)


Main trend Short-term period Medium-term period
Neutral Bullish
Changes in the open interest + 528 ↑ + 768 ↑
Closest resistance levels 1.3026; 1.3057; 1.3098; 1.3151
Closest support levels 1.2932(15?); 1.2892; 1.2858; 1.2816
Trading recommendations
Baseline scenario Sell USD/CAD below 1.2932, with target points at 1.2892 and 1.2858
Alternative scenario Moving above 1.3026 can be considered as a signal to buy the pair, with target at 1.3057 and 1.3098
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