267
Analyst

Key option levels for Wednesday, August 24th

 


EUR/USD


Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 62 208 ↑ + 111 514 ↑
Closest resistance levels 1.1328; 1.1352(67?); 1.1388; 1.1414
Closest support levels 1.1273; 1.1254; 1.1230; 1.1200
Trading recommendations
Baseline scenario Short EUR/USD below 1.1273, with target points at 1.1254 and 1.1230
Alternative scenario Moving above 1.1328 can be considered as a signal to buy the pair, with target at 1.1352 and 1.1388

 


GBP/USD


Main trend Short-term period Medium-term period
Bullish Bearish
Changes in the open interest + 1 505 ↑ +  356 ↑
Closest resistance levels 1.3222; 1.3240; 1.3268; 1.3287
Closest support levels 1.3159; 1.3131; 1.3112; 1.3089
Trading recommendations
Baseline scenario Buy GBP/USD above 1.3222, with the target points at 1.3240 and 1.3268
Alternative scenario Moving below 1.3159 can be considered as a signal to sell the pair, with target at 1.3131 and 1.3112

 


USD/JPY


Main trend Short-term period Medium-term period
Neutral Neutral
Changes in the open interest + 939 ↑ + 831 ↑
Closest resistance levels 100.84; 101.04; 101.30; 101.60
Closest support levels 99.94; 99.56; 99.35; 99.11
Trading recommendations
Baseline scenario Long USD/JPY above 100.84, with the target points at 101.04 and 101.30
Alternative scenario Moving below 99.94 can be considered as a signal to sell the pair, with target at 99.56 and  99.35
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