597
Analyst

Key option levels for Monday, August 8th


EUR/USD


Main trend Short-term period Medium-term period
Bearish Bearish
Changes in the open interest - 75 397 ↓ + 112 764 ↑
Closest resistance levels 1.1152(65?); 1.1182; 1.1203; 1.1229
Closest support levels 1.1078; 1.1050; 1.1031; 1.1006
Trading recommendations
Baseline scenario Sell EUR/USD below 1.1078, with target points at 1.1050 and 1.1031
Alternative scenario Moving above 1.1152 can be considered as a signal to buy the pair, with target at 1.1182 and 1.1203

 


GBP/USD


 

Main trend Short-term period Medium-term period
Bearish Bearish
Changes in the open interest - 27 569 ↓ - 26 075 ↓
Closest resistance levels 1.3200; 1.3242; 1.3268; 1.3297
Closest support levels 1.3066/51; 1.3011; 1.2972; 1.2948
Trading recommendations
Baseline scenario Short GBP/USD below 1.3066, with target points at 1.3011 and 1.2972
Alternative scenario Moving above 1.3200 can be considered as a signal to buy the pair, with target at 1.3242 and 1.3268

 


 USD/JPY


 

Main trend Short-term period Medium-term period
Neutral Neutral
Changes in the open interest - 39 581 ↓ - 31 878 ↓
Closest resistance levels 102.27; 102.60; 102.82; 103.07
Closest support levels 101.33; 100.97; 100.79; 100.56
Trading recommendations
Baseline scenario Long USD/JPY above 102.27, with the target points at 102.60 and 102.82
Alternative scenario Moving below 101.33 can be considered as a signal to sell the pair, with target at 100.97 and 100.79

 


 USD/CAD


Main trend Short-term period Medium-term period
Neutral Bullish
Changes in the open interest - 15 157 ↓ - 8 464 ↓
Closest resistance levels 1.3201; 1.3224; 1.3256; 1.3296
Closest support levels 1.3089; 1.3060; 1.3023; 1.2977
Trading recommendations
Baseline scenario Buy USD/CAD above 1.3201, with the target points at 1.3224 and 1.3256
Alternative scenario Moving below 1.3089 can be considered as a signal to sell the pair, with target at 1.3060 and 1.3023
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