Forex Top Team

17th in October 2023, Today’s Forex Options

 

  • EUR/USD:
    • 1.0475: 355 million
    • 1.0500: 1.3 billion
    • 1.0525: 870 million
    • 1.0600: 810 million
  • GBP/USD:
    • 1.2040: 933 million
    • 1.2400: 1 billion
  • USD/JPY:
    • 148.00: 778 million
    • 148.65: 520 million
    • 150.00: 1 billion
    • 150.25: 550 million
  • USD/CHF:
    • 0.8965: 690 million
    • 0.9055: 493 million
  • USD/CAD:
    • 1.3500: 964 million
    • 1.3800: 1.1 billion
  • NZD/USD:
    • 0.6000: 410 million

Options that could be relevant to today’s price movements include:

  • EUR/USD:
    • 1.0500: 1.3 billion
  • GBP/USD:
    • 1.2400: 1 billion
  • USD/JPY:
    • 150.00: 1 billion
  • USD/CAD:
    • 1.3800: 1.1 billion

USD/JPY is in a ranging trend. However, there was intervention-like activity recently, so there is a possibility of larger price movements tonight. Support can be found around 148.50-70, where buy orders are located. Resistance is expected around 150.00, where there’s a 1 billion options barrier.

EUR/USD is also in a ranging trend. Support is at 1.0500 with 1.3 billion in options. Resistance is expected at 1.0600, where sell orders are present.

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

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