389
Analyst

Key option levels for Tuesday, August 30th

 


EUR/USD


Main trend Short-term period Medium-term period
Bullish Bearish
Changes in the open interest + 216 532 ↑ + 70 035 ↑
Closest resistance levels 1.1216; 1.1243; 1.1265; 1.1293
Closest support levels 1.1153; 1.1130; 1.1102; 1.1068
Trading recommendations
Baseline scenario Long EUR/USD above 1.1216, with the target points at 1.1243 and 1.1265
Alternative scenario Moving below 1.1153 can be considered as a signal to sell the pair, with target at 1.1130 and 1.1102

 


GBP/USD


Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 532 ↑ +  201 ↑
Closest resistance levels 1.3138; 1.3162; 1.3180; 1.3202
Closest support levels 1.3055; 1.3035; 1.3011; 1.2983
Trading recommendations
Baseline scenario Short GBP/USD below 1.3055, with target points at 1.3035 and 1.3011
Alternative scenario Moving above 1.3138 can be considered as a signal to buy the pair, with target at 1.3162 and 1.3180

 


USD/JPY


Main trend Short-term period Medium-term period
Bullish Neutral
Changes in the open interest + 720 ↑ + 611 ↑
Closest resistance levels 102.39; 102.57; 102.83; 103.14
Closest support levels 101.78; 101.51(35?); 101.13; 100.87
Trading recommendations
Baseline scenario Buy USD/JPY above 102.39, with the target points at 102.57 and 102.83
Alternative scenario Moving below 101.78 can be considered as a signal to sell the pair, with target at 101.51 and  101.13

 


USD/CAD


Main trend Short-term period Medium-term period
Neutral Bullish
Changes in the open interest + 289 ↑ + 488 ↑
Closest resistance levels 1.3058; 1.3089; 1.3135; 1.3196
Closest support levels 1.2982; 1.2955; 1.2917
Trading recommendations
Baseline scenario Long USD/CAD above 1.3058, with the target points at 1.3089 and 1.3135
Alternative scenario Moving below 1.2982 can be considered as a signal to sell the pair, with target at 1.2955 and 1.2917

 

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