Forex Top Team

18th in August 2023, Today’s Options

 

  • EUR/USD: 1.0780: 700 million 1.0850: 1.4 billion 1.0900: 1.7 billion 1.0925: 710 million 1.0950: 515 million 1.1000: 1.1 billion 1.1050: 671 million 1.1100: 1.3 billion
  • GBP/USD: 1.2500: 449 million 1.2600: 434 million 1.2675: 370 million 1.2700: 637 million 1.2845: 447 million
  • USD/JPY: 142.00: 531 million 142.50: 531 million 143.00: 1.1 billion 145.00: 1.3 billion
  • USD/CHF: 0.8700: 1.2 billion 0.8860: 768 million
  • AUD/USD: 0.6335: 377 million 0.6500: 380 million
  • USD/CAD: 1.3300: 357 million 1.3350: 590 million 1.3600: 479 million

Options that could influence today’s price movements are as follows:

  • EUR/USD: 1.0850: 1.4 billion 1.0900: 1.7 billion 1.1000: 1.1 billion 1.1100: 1.3 billion
  • USD/JPY: 143.00: 1.1 billion 145.00: 1.3 billion
  • USD/CHF: 0.8700: 1.2 billion

USDJPY is retracing from an earlier rise. Support is seen at 145.00 (1.3 billion), and resistance might emerge at 146.00 where significant options are set to expire on the 24th.

EURUSD is displaying a downward trend. Support lies at 1.0850 (1.4 billion) and significant buy orders are anticipated around 1.0830-1.0840. Resistance is likely at 1.0900 (1.7 billion) due to options and sell orders.

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

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

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