[riki143]

Key option levels for Wednesday, February 8th
2/8/2017

EUR/USD




Main trend Short-term period Medium-term period
Bearish Neutral
Changes in the open interest + 35 706 ? + 66 233 ?
Closest resistance levels 1.0710; 1.0734; 1.0756; 1.0793
Closest support levels 1.0659; 1.0639; 1.0615; 1.0586
Trading recommendations
Baseline scenario Short EUR/USD below 1.0659, with target points at 1.0639 and 1.0615
Alternative scenario Moving above 1.0710 can be considered as a signal to Buy the pair, with target at 1.0734 and 1.0756


USD/JPY




Main trend Short-term period Medium-term period
Bullish Neutral
Changes in the open interest + 475 ? + 657 ?
Closest resistance levels 112.31; 112.50; 112.80; 113.02
Closest support levels 111.86; 111.68; 111.35; 110.85
Trading recommendations
Baseline scenario Long USD/JPY above 112.31, with target points at 112.50 and 112.80
Alternative scenario Moving below 111.86 can be considered as a signal to Sell the pair, with target at 111.68 and 111.35


USD/CAD




Main trend Short-term period Medium-term period
Bearish Bullish
Changes in the open interest + 75 ? + 177 ?
Closest resistance levels 1.3205; 1.3233; 1.3273; 1.3324
Closest support levels 1.3153; 1.3125; 1.3106; 1.3080
Trading recommendations
Baseline scenario Short USD/CAD below 1.3153, with the target points at 1.3125 and 1.3106
Alternative scenario Moving above 1.3205 can be considered as a signal to Buy the pair, with target at 1.3233 and 1.3273

More:
https://new.fxbazooka.com/analytics/12389