USD/JPY: 'Three Methods' led bullish rally
There's no any reversal pattern so far, which means the market could continue moving up in the coming hours...
Key option levels for Friday, March 31st
EUR/USD
| Main trend | Short-term period | Medium-term period |
 Neutral |
Neutral |
|
| Changes in the open interest |  + 21 248 ↑ |
 + 39 453 ↑ |
| Closest resistance levels | 1.0713; 1.0761; 1.0786; 1.0829 | |
| Closest support levels | 1.0662; 1.0628; 1.0608; 1.0585 | |
| Trading recommendations | ||
| Baseline scenario | Short EUR/USD below 1.0662 (or from 1.0713), with target points at 1.0628 and 1.0608 | |
| Alternative scenario | Moving above 1.0713 can be considered as a signal to Buy the pair, with target at 1.0761 and 1.0786 | |
GBP/USD
| Main trend | Short-term period | Medium-term period |
 Bullish |
 Bearish |
|
| Changes in the open interest | + 126 ↑ |
- 42 ↓ |
| Closest resistance levels | 1.2473; 1.2501; 1.2531; 1.2568 | |
| Closest support levels | 1.2434; 1.2405; 1.2371; 1.2331 | |
| Trading recommendations | ||
| Baseline scenario | Long GBP/USD above 1.2473, with target points at 1.2501 and 1.2531 | |
| Alternative scenario | Moving below 1.2434 can be considered as a signal to Sell the pair, with target at 1.2405 and 1.2371 | |
USD/CAD
| Main trend | Short-term period | Medium-term period |
| Neutral |
Bullish |
|
| Changes in the open interest | + 619 ↑ |
- 9 ↓ |
| Closest resistance levels | 1.3330; 1.3356; 1.3373; 1.3401 | |
| Closest support levels | 1.3286; 1.3261; 1.3215; 1.3189 | |
| Trading recommendations | ||
| Baseline scenario | Long USD/CAD above 1.3330 (or from 1.3286), with the target points at 1.3356 and 1.3373 | |
| Alternative scenario | Moving below 1.3286 can be considered as a signal to Sell the pair, with target at 1.3261 and 1.3215 | |
Grigory Zverev
Similar
EUR/USD: bearish 'High Wave'
We should keep an eye on the lower 'Window' as the next intraday target. A pullback from this level could be a starting point for...
GBP/USD: price declining under Moving Averages
The main intraday target is the next support at 1.3380 - 1.3344. A pullback from these levels could be a starting point for...
Popular
AUD/USD: bulls cant breaking out SSB’s resistance
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Morning brief for June 2
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
Highlights of the ECB meeting and press conference.
The European Central Banks left its key interest rates…
Deposit with your local payment systems
