576
Analyst

Key options levels: July 18-24

EUR/USD

  • • Closest resistance levels: 1.1162; 1.1217/45; 1.1282; 1.1322
  • • Closest support levels: 1.1003; 1.0976/45; 1.0871; 1.0829
  • • Bullish risks range: 1.1162-1.1505
  • • Bearish risks range: 1.1030-1.0829

 

EUR/USD keeps being under control by sellers. In mid-term perspective, the currency pair is still tending to be in decline (main goal of the bears is to reach 1.0871). Attaining 1.1003 level paves the way for levels 1.0976 and 1.0871. The fallback presupposes hitting 1.1162 and getting higher, which is the alarm for buying the pair with targets at 1.1217 and 1.1282.

GBP/USD

  • • Closest resistance levels: 1.3307; 1.3359; 1.3403/54; 1.3514
  • • Closest support levels: 1.3034; 1.2981; 1.2921; 1.2888
  • • Bullish risks range: 1.3307-1.3514
  • • Bearish risks range: 1.3034-1.2854

 

GBP/USD can continue the correction upwards, though a change risks are highly expected this week. The mid-term related scenario can be described as moderately-negative. The spike to 1.3307 paves the way for 1.3359 and 1.3403. The fallback is downwards movement to 1.3034. which is the alarm for selling with targets at 1.2981 and 1.2921.

USD/JPY

  • • Closest resistance levels: 105.71; 106.15/51; 106.99; 107.93
  • • Closest support levels: 103.61; 102.98; 102.25; 101.47
  • • Bullish risks range: 105.71-107.93
  • • Bearish risks range: 103.61-100.67

 

USD/JPY holds staying positive. The mid-term trend keeps shifting upwards. The range for buyers looks strong enough to absorb decline attempts. The spike to 105.71 paves the way for 106.15 and 106.99. The buyers should press the trigger when it reaches 103.61, targets are 102.98 and 102.25.

USD/CAD

  • • Closest resistance levels: 1.3033; 1.3079; 1.3134; 1.3200
  • • Closest support levels: 1.2852; 1.2812; 1.2763; 1.2706
  • • Bullish risks range: 1.3033-1.3350
  • • Bearish risks range: 1.2852-1.2706

 

USD/CAD has got prepared for the growth. Bulls hold dominance in mid-terms. Rise higher 1.3033 sets the scene for new wave towards 1.3079 and 1.3134. Short positions are worthy to place if price consolidates lower 1.2852; targets are 1.2812 and 1.2763.

Scroll to top