326
Analyst

Key option levels for Wednesday, August 10th


EUR/USD


Main trend Short-term period Medium-term period
Bearish Bearish
Changes in the open interest - 45 158 ↓ + 360 883 ↑
Closest resistance levels 1.1158; 1.1186; 1.1206; 1.1230
Closest support levels 1.1115; 1.1096; 1.1067; 1.1046
Trading recommendations
Baseline scenario Short EUR/USD below 1.1115, with target points at 1.1096 and 1.1067
Alternative scenario Moving above 1.1158 can be considered as a signal to buy the pair, with target at 1.1186 and 1.1206

 


GBP/USD


Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 2 468 ↑ + 3 030 ↑
Closest resistance levels 1.3100; 1.3140; 1.3165; 1.3194
Closest support levels 1.2986; 1.2962/49; 1.2915; 1.2869
Trading recommendations
Baseline scenario Sell GBP/USD below 1.2986, with target points at 1.2962 and 1.2915
Alternative scenario Moving above 1.3100 can be considered as a signal to buy the pair, with target at 1.3140 and 1.3165

 


USD/JPY


Main trend Short-term period Medium-term period
Bullish Neutral
Changes in the open interest + 1 212 ↑ + 23 ↑
Closest resistance levels 102.76; 103.01; 103.31; 103.65
Closest support levels 101.02; 100.79; 100.51;100.20
Trading recommendations
Baseline scenario Long USD/JPY above 102.76, with the target points at 103.01 and 103.31
Alternative scenario Moving below 101.02 can be considered as a signal to sell the pair, with target at 100.79 and 100.51

 


USD/CAD


Main trend Short-term period Medium-term period
Neutral Bullish
Changes in the open interest + 1 744 ↑ + 103 ↑
Closest resistance levels 1.3158(72?); 1.3194; 1.3228; 1.3271
Closest support levels 1.3055; 1.3023; 1.2980; 1.2928
Trading recommendations
Baseline scenario Buy USD/CAD above 1.3158, with the target points at 1.3194 and 1.3228
Alternative scenario Moving below 1.3055 can be considered as a signal to sell the pair, with target at 1.3023 and 1.2980
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