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Analyst

Key option levels for Tuesday, August 16


EUR/USD


Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 42 973 ↑ + 107 736 ↑
Closest resistance levels 1.1225(38?); 1.1255; 1.1278; 1.1306
Closest support levels 1.1185; 1.1158/41; 1.1118; 1.1091
Trading recommendations
Baseline scenario Long EUR/USD above 1.1225, with the target points at 1.1255 and 1.1278
Alternative scenario Moving below 1.1185 can be considered as a signal to sell the pair, with target at 1.1158 and 1.1118

 


GBP/USD


Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 1 434 ↑ + 1 001 ↑
Closest resistance levels 1.2991; 1.3016; 1.3044; 1.3075
Closest support levels 1.2875; 1.2833; 1.2805; 1.2764(86?)
Trading recommendations
Baseline scenario Sell GBP/USD below 1.2875, with target points at 1.2833 and 1.2805
Alternative scenario Moving above 1.2991 can be considered as a signal to buy the pair, with target at 1.3016 and 1.3044

 


USD/JPY


Main trend Short-term period Medium-term period
Neutral Neutral
Changes in the open interest + 208 ↑ + 405 ↑
Closest resistance levels 101.76; 101.94; 102.15; 102.40
Closest support levels 100.02 (critical); 99.72 (critical); 99.39; 99.03
Trading recommendations
Baseline scenario Short USD/JPY below 100.02, with target points at 99.72 and 99.39
Alternative scenario Moving above 101.76 can be considered as a signal to buy the pair, with target at 101.94 and 102.15

 


USD/CAD


Main trend Short-term period Medium-term period
Bearish Bullish
Changes in the open interest + 196 ↑ + 673 ↑
Closest resistance levels 1.2958; 1.2984; 1.3019; 1.3067
Closest support levels 1.2880; 1.2862; 1.2834; 1.2798
Trading recommendations
Baseline scenario Sell USD/CAD below 1.2880, with target points at 1.2862 and 1.2834
Alternative scenario Moving above 1.2958 can be considered as a signal to buy the pair, with target at 1.2984 and 1.3019

 

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