210
Analyst

Key option levels for Wednesday, October 19th

 


EUR/USD


Main trend Short-term period Medium-term period
Bearish Bearish
Changes in the open interest + 68 950 ↑ + 286 946 ↑
Closest resistance levels 1.1011; 1.1040/56; 1.1077; 1.1103
Closest support levels 1.0991; 1.0970; 1.0952; 1.0928
Trading recommendations
Baseline scenario Short EUR/USD below 1.0991, with target points at 1.0970 and 1.0952
Alternative scenario Moving above 1.1011 can be considered as a signal to Buy the pair, with target at 1.1040 and 1.1077

 


GBP/USD


Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 402 ↑ + 199 ↑
Closest resistance levels 1.2357; 1.2383; 1.2400; 1.2419
Closest support levels 1.2268; 1.2245; 1.2211; 1.2164
Trading recommendations
Baseline scenario Short GBP/USD below 1.2268, with target points at 1.2245 and 1.2211
Alternative scenario Moving above 1.2357 can be considered as a signal to Buy the pair, with target at 1.2383 and 1.2400

 


USD/JPY


Main trend Short-term period Medium-term period
Bearish Neutral
Changes in the open interest + 674 ↑ + 797 ↑
Closest resistance levels 103.94; 104.18/36; 104.59; 104.87
Closest support levels 103.34; 103.19; 102.98; 102.72
Trading recommendations
Baseline scenario Short USD/JPY below 103.34, with the target points at 103.19 and 102.98
Alternative scenario Moving above 103.94 can be considered as a signal to buy the pair, with target at 104.18 and  104.59

 

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