473
Analyst

Key option levels for Wednesday, August 17


EUR/USD


Main trend Short-term period Medium-term period
Bullish Bearish
Changes in the open interest + 96 725 ↑ + 64 216 ↑
Closest resistance levels 1.1309; 1.1328; 1.1343; 1.1361
Closest support levels 1.1244; 1.1227; 1.1205; 1.1179
Trading recommendations
Baseline scenario Long EUR/USD above 1.1309, with the target points at 1.1328 and 1.1343
Alternative scenario Moving below 1.1244 can be considered as a signal to sell the pair, with target at 1.1227 and 1.1205

 


GBP/USD


Main trend Short-term period Medium-term period
Bullish Bearish
Changes in the open interest + 2 150 ↑ + 1 104 ↑
Closest resistance levels 1.3110; 1.3147; 1.3171; 1.3197
Closest support levels 1.2995(82?); 1.2965; 1.2946; 1.2922
Trading recommendations
Baseline scenario Buy GBP/USD above 1.3110, with the target points at 1.3147 and 1.3171
Alternative scenario Moving below 1.2982 can be considered as a signal to sell the pair, with target at 1.2965 and 1.2946

 


USD/JPY


Main trend Short-term period Medium-term period
Neutral Neutral
Changes in the open interest + 1 942 ↑ + 1 284 ↑
Closest resistance levels 101.28; 101.51; 101.79; 102.11
Closest support levels 100.09; 99.86(74?); 99.59; 99.39
Trading recommendations
Baseline scenario Short USD/JPY below 100.09, with target points at 99.86 and 99.59
Alternative scenario Moving above 101.28 can be considered as a signal to buy the pair, with target at 101.51 and 101.79

 


USD/CAD


Main trend Short-term period Medium-term period
Neutral Bullish
Changes in the open interest + 1 143 ↑ - 130 ↓
Closest resistance levels 1.2905; 1.2940; 1.2987; 1.3043
Closest support levels 1.2819/06; 1.2786; 1.2760; 1.2723
Trading recommendations
Baseline scenario Sell USD/CAD below 1.2819, with target points at 1.2786 and 1.2760
Alternative scenario Moving above 1.2905 can be considered as a signal to buy the pair, with target at 1.2940 and 1.2987
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