Key option levels for Monday, April 10th

Key option levels for Monday, April 10th

2019-11-11 • Updated

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EUR/USD


Main trend Short-term period Medium-term period
Neutral Neutral
Changes in the open interest + 28 123 ↑ + 69 379 ↑
Closest resistance levels 1.0617; 1.0663-75; 1.0709; 1.0746
Closest support levels 1.0585; 1.0560; 1.0525; 1.0480
Trading recommendations
Baseline scenario Long EUR/USD above 1.0585, with target points at 1.0617 and 1.0663
Alternative scenario Moving below 1.0585 can be considered as a signal to Sell the pair, with target at 1.0560 and 1.0525

 


GBP/USD


Main trend Short-term period Medium-term period
Bullish Bearish
Changes in the open interest + 511 ↑ + 304 ↑
Closest resistance levels 1.2414; 1.2440; 1.2466; 1.2485
Closest support levels 1.2366; 1.2338; 1.2318; 1.2294
Trading recommendations
Baseline scenario Long GBP/USD above 1.2414 (or from 1.2366), with target points at 1.2440 and 1.2466
Alternative scenario Moving below 1.2366 can be considered as a signal to Sell the pair, with target at 1.2338 and 1.2318

 


USD/JPY


Main trend Short-term period Medium-term period
Bullish Bearish
Changes in the open interest + 820 ↑ + 116 ↑
Closest resistance levels 111.63; 111.86; 112.15; 112.49
Closest support levels 111.05; 110.63; 110.34; 109.84
Trading recommendations
Baseline scenario Long USD/JPY above 111.63 (or from 111.05), with target points at 111.86 and 112.15
Alternative scenario Moving below 111.05 can be considered as a signal to Sell the pair, with target at 110.63 and 110.34

 

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