353
Analyst

Key option levels for Tuesday, August 23th


EUR/USD


Main trend Short-term period Medium-term period
Bullish Bearish
Changes in the open interest + 43 258 ↑ + 17 840 ↑
Closest resistance levels 1.1360; 1.1384; 1.1402; 1.1426
Closest support levels 1.1319; 1.1298(82?); 1.1261; 1.1234
Trading recommendations
Baseline scenario Buy EUR/USD above 1.1360, with the target points at 1.1384 and 1.1402
Alternative scenario Moving below 1.1319 can be considered as a signal to sell the pair, with target at 1.1298 and 1.1261

 


GBP/USD


Main trend Short-term period Medium-term period
Bullish Bearish
Changes in the open interest + 695 ↑ +  386 ↑
Closest resistance levels 1.3175; 1.3199; 1.3236; 1.3260
Closest support levels 1.3126; 1.3101; 1.3072
Trading recommendations
Baseline scenario Long GBP/USD above 1.3175, with the target points at 1.3199 and 1.3236
Alternative scenario Moving below 1.3126 can be considered as a signal to sell the pair, with target at 1.3101 and 1.3072

 


USD/JPY


Main trend Short-term period Medium-term period
Neutral Neutral
Changes in the open interest + 449 ↑ + 201 ↑
Closest resistance levels 100.92; 101.12; 101.37; 101.66
Closest support levels 99.86; 99.55; 99.34; 99.09
Trading recommendations
Baseline scenario Short USD/JPY below 99.86, with target points at 99.55 and 99.34
Alternative scenario Moving above 100.92 can be considered as a signal to buy the pair, with target at 101.12 and 101.37

 


USD/CAD


Main trend Short-term period Medium-term period
Neutral Bullish
Changes in the open interest + 198 ↑ - 448 ↓
Closest resistance levels 1.2967(80?); 1.3001; 1.3033; 1.3075
Closest support levels 1.2893; 1.2863; 1.2822; 1.2771
Trading recommendations
Baseline scenario Sell USD/CAD below 1.2893, with target points at 1.2863 and 1.2822
Alternative scenario Moving above 1.2967 can be considered as a signal to buy the pair, with target at 1.3001 and 1.3033

 

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