Forex Top Team

8th in May 2023, Today’s options

  • EUR/USD:

1.1200 1.3 billion 1.1125 1.2 billion

  • USD/JPY:

136.00 740 million

  • AUD/USD:

0.6620 536 million 0.6850 443 million 0.6550 370 million

  • USD/CAD:

1.3450 477 million 1.3750 470 million

  • NZD/USD:

0.6105 820 million

Options likely to be involved in today’s price movements are as follows.

  • EUR/USD:

1.1200 1.3 billion 1.1125 1.2 billion

USDJPY is in a range trend. On the downside, there is a large option with a 9-day cut at 133.00, which serves as support. On the upside, there are large options with cuts at 136.008, 10, and 11, which are expected to act as resistance.

EURUSD is also in a range trend. On the downside, there is a large option with an 11-day cut at 1.0925, which serves as support. On the upside, 1.1125 1.2 billion is expected to act as resistance.

Currently, the power balance on the 15-minute chart is as follows:

AUD > NZD = CAD > GBP > EUR = CHF > USD > JPY

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