300
Analyst

Key option levels for Monday, August 29th

 

 


EUR/USD


Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 39 305 ↑ - 29 614 ↓
Closest resistance levels 1.1221; 1.1250; 1.1271; 1.1299
Closest support levels 1.1187; 1.1164/48; 1.1125; 1.1097
Trading recommendations
Baseline scenario Long EUR/USD above 1.1221, with the target points at 1.1250 and 1.1271
Alternative scenario Moving below 1.1187 can be considered as a signal to sell the pair, with target at 1.1164 and 1.1125

 


GBP/USD


Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 1 062 ↑ +  943 ↑
Closest resistance levels 1.3156; 1.3178; 1.3215; 1.3239
Closest support levels 1.3105; 1.3082; 1.3064; 1.3042
Trading recommendations
Baseline scenario Short GBP/USD below 1.3105, with target points at 1.3082 and 1.3064
Alternative scenario Moving above 1.3156 can be considered as a signal to buy the pair, with target at 1.3178 and 1.3215

 

 


USD/JPY


Main trend Short-term period Medium-term period
Bullish Neutral
Changes in the open interest + 768 ↑ + 1 446 ↑
Closest resistance levels 102.41; 102.62; 102.88; 103.19
Closest support levels 101.66; 101.37; 100.99; 100.73
Trading recommendations
Baseline scenario Buy USD/JPY above 102.41, with the target points at 102.62 and 102.88
Alternative scenario Moving below 101.66 can be considered as a signal to sell the pair, with target at 101.37 and  100.99

 


USD/CAD


Main trend Short-term period Medium-term period
Neutral Bullish
Changes in the open interest + 943 ↑ + 905 ↑
Closest resistance levels 1.3033; 1.3051; 1.3086; 1.3134
Closest support levels 1.2974; 1.2948; 1.2912; 1.2860
Trading recommendations
Baseline scenario Long USD/CAD above 1.3033, with the target points at 1.3051 and 1.3086
Alternative scenario Moving below 1.2974 can be considered as a signal to sell the pair, with target at 1.2948 and 1.2912
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