196
Analyst

Key option levels for Tuesday, October 18th

 


EUR/USD


Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 2 580 ↑ - 18 613 ↓
Closest resistance levels 1.1059; 1.1092; 1.1116; 1.1145
Closest support levels 1.1006(?); 1.0980; 1.0959; 1.0933
Trading recommendations
Baseline scenario Short EUR/USD below 1.1006, with target points at 1.0980 and 1.0959
Alternative scenario Moving above 1.1059 can be considered as a signal to Buy the pair, with target at 1.1092 and 1.1116

 


GBP/USD


Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 819 ↑ + 974 ↑
Closest resistance levels 1.2291; 1.2326; 1.2348; 1.2372
Closest support levels 1.2200; 1.2181; 1.2141; 1.2106
Trading recommendations
Baseline scenario Short GBP/USD below 1.2200, with target points at 1.2181 and 1.2141
Alternative scenario Moving above 1.2291 can be considered as a signal to Buy the pair, with target at 1.2326 and 1.2348

 


USD/JPY


Main trend Short-term period Medium-term period
Bullish Neutral
Changes in the open interest + 871 ↑ + 1 070 ↑
Closest resistance levels 104.08 (103.97?); 104.42; 104.65; 104.93
Closest support levels 103.10; 102.89; 102.64; 102.33
Trading recommendations
Baseline scenario Long USD/JPY above 103.97/104.08, with the target points at 104.42 and 104.65
Alternative scenario Moving below 103.10 can be considered as a signal to sell the pair, with target at 102.89 and  102.64

 


USD/CAD


Main trend Short-term period Medium-term period
Bearish Bullish
Changes in the open interest + 353 ↑ + 656 ↑
Closest resistance levels 1.3149; 1.3168; 1.3200; 1.3242
Closest support levels 1.3074; 1.3043; 1.2999; 1.2945
Trading recommendations
Baseline scenario Short USD/CAD below 1.3074, with the target points at 1.3043 and 1.2999
Alternative scenario Moving above 1.3149 can be considered as a signal to Buy the pair, with target at 1.3168 and 1.3200

 

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