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Analyst

Key option levels for Tuesday, August 9th


EUR/USD


Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 17 720 ↑ + 1 316 ↑
Closest resistance levels 1.1156; 1.1174; 1.1196; 1.1222
Closest support levels 1.1047; 1.1029; 1.1005; 1.0977
Trading recommendations
Baseline scenario Short EUR/USD below 1.1047, with target points at 1.1029 and 1.1005
Alternative scenario Moving above 1.1156 can be considered as a signal to buy the pair, with target at 1.1174 and 1.1196

 


GBP/USD


Main trend Short-term period Medium-term period
Bearish Bearish
Changes in the open interest + 3 037 ↑ + 2 906 ↑
Closest resistance levels 1.3162; 1.3211; 1.3273; 1.3346
Closest support levels 1.2936; 1.2912; 1.2885; 1.2856
Trading recommendations
Baseline scenario Sell GBP/USD below 1.2936, with target points at 1.2912 and 1.2885
Alternative scenario Moving above 1.3162 can be considered as a signal to buy the pair, with target at 1.3211 and 1.3273

 


USD/JPY


Main trend Short-term period Medium-term period
Bullish Neutral
Changes in the open interest + 3 283 ↑ + 1 249 ↑
Closest resistance levels 102.88; 103.18; 103.38; 103.63
Closest support levels 102.01; 101.53; 101.29; 101.01
Trading recommendations
Baseline scenario Long USD/JPY above 102.88, with the target points at 103.18 and 103.38
Alternative scenario Moving below 102.01 can be considered as a signal to sell the pair, with target at 101.53 and 101.29

 


USD/CAD


Main trend Short-term period Medium-term period
Neutral Bullish
Changes in the open interest - 871 ↓ + 1 686 ↑
Closest resistance levels 1.3203; 1.3224; 1.3254; 1.3294
Closest support levels 1.3135; 1.3098; 1.3068; 1.3031
Trading recommendations
Baseline scenario Buy USD/CAD above 1.3203, with the target points at 1.3224 and 1.3254
Alternative scenario Moving below 1.3135 can be considered as a signal to sell the pair, with target at 1.3098 and 1.3068
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