398
Analyst

Key option levels for Thursday, September 8th

 


EUR/USD


Main trend Short-term period Medium-term period
Bullish Bearish
Changes in the open interest + 122 624 ↑ - 65 041 ↓
Closest resistance levels 1.1266; 1.1285; 1.1316; 1.1357
Closest support levels 1.1232; 1.1213; 1.1182; 1.1142
Trading recommendations
Baseline scenario Long EUR/USD above 1.1266, with target points at 1.1285 and 1.1316
Alternative scenario Moving below 1.1232 can be considered as a signal to Sell the pair, with target at 1.1213 and 1.1182

 


GBP/USD


 

Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 3 452 ↑ + 3 327 ↑
Closest resistance levels 1.3360; 1.3382; 1.3415; 1.3457
Closest support levels 1.3323/06; 1.3278; 1.3239; 1.3195
Trading recommendations
Baseline scenario (High risk of reversal) Short GBP/USD below 1.3323, with target points at 1.3306 and 1.3278
Alternative scenario Moving above 1.3360 can be considered as a signal to buy the pair, with target at 1.3382 and 1.3415

 


USD/JPY


Main trend Short-term period Medium-term period
Bullish Neutral
Changes in the open interest + 2 235 ↑ + 2 208 ↑
Closest resistance levels 101.84(99?); 102.26; 102.66; 103.14
Closest support levels 101.52; 101.28; 100.91; 100.46
Trading recommendations
Baseline scenario Long USD/JPY above 101.84, with target points at 102.26 and 102.66
Alternative scenario Moving below 101.52 can be considered as a signal to sell the pair, with target at 101.28 and 100.91

 


USD/CAD


Main trend Short-term period Medium-term period
Bullish Bullish
Changes in the open interest + 861 ↑ + 137 ↑
Closest resistance levels 1.2908; 1.2937; 1.2997
Closest support levels 1.2862; 1.2809 (?)
Trading recommendations
Baseline scenario Long USD/CAD above 1.2908, with the target points at 1.2937 and 1.2997
Alternative scenario Moving below 1.2862 can be considered as a signal to sell the pair, with target at 1.2809
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