735
Trader, analyst and instructor with a 6-year experience

Key option levels: May 16 - 20

Grigory Zverev

EURUSD

The closest resistance levels: 1.1454 / 89; 1.1562; 1.1614; 1.1711

The closest support levels: 1.1292 / 77 (?); 1.1218; 1.1154; 1.1076

The range of upward risks: 1.1454-1.1804

The range of downside risks: 1.1292-1.1076

EURUSD succumbed to bearish tops and slipped to the upper limit Put-range. In the medium term, the advantage is retained on the side of the sellers. The next support for the pair is located at 1.1277, and moving below this level can cause to a further decrease in the area of ​​1.1218, 1.1154. Buyers are activated above 1.1454; targets of players are connected with 1.1562 and 1.1614 prices. 

 

GBPUSD

The closest resistance levels: 1.4575; 1.4646; 1.4746; 1.4832

The closest support levels: 1.4306; 1.4248; 1.4196; 1.4129

The range of upward risks: 1.4575-1.5106

The range of downside risks: 1.4306-1.3980

Large speculators keep putting pressure on the cable (GBPUSD pair), increasing short positions in the area of 1.4000. The medium-term picture stays moderately negative. A breakdown below 1.4306 level will open the way to 1.4248 and 1.4196. Moving above 1.4575 level will create prerequisites for the growth to 1.4646 and 1.4746.

 

USDJPY

The closest resistance levels: 109.76; 110.74; 111.36 / 89; 112.57

The closest support levels: 107.78; 106.47; 105.11

The range of upward risks: 109.76-112.57

The range of downside risks: 107.78-104.57

USDJPY was closed in the neutral range (107.78-109.76), the output from which will determine the future dynamics of quotations. Moving below 107.78 level could be treated as a signal to sell the pair with the target points of 106.47 and 105.11 (105.06-104.57 is a trap of market makers; a sharp price reversal is possible). Buying will be relevant above 109.76; there are targets for growth - 110.74 and 111.36.

 

USDCAD

The closest resistance levels: 1.3011; 1.3104; 1.3221; 1.3303

The closest support levels: 1.2827; 1.2745; 1.2626; 1.2538

The range of upward risks: 1.3011-1.3303

The range of downside risks: 1.2827-1.2538

USDCAD will stay in a precarious position during this week, while the number of sellers outnumber buyers. The medium-term target of the bulls is 1.4000, and for the bears - 1.2500. Buying should be considered above 1.3011 with targets of 1.3104 and 1.3221. Moving below 1.2827 level will provide with a new push to sell the pair; targets can be 1.2745 and 1.2626.

EUR
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