Forex Top Team

4th in January 2024, Options for Today

 

  • EUR/USD:
    • 1.0820 – 1.2 billion
    • 1.0860 – 650 million
    • 1.1075 – 927 million
    • 1.1145 – 1.2 billion
  • USD/JPY:
    • 141.70 – 650 million
    • 143.25 – 872 million
    • 143.85 – 1 billion
    • 144.00 – 1.2 billion
  • AUD/USD:
    • 0.6650 – 480 million
    • 0.6660 – 400 million
    • 0.6750 – 591 million
    • 0.6755 – 1.3 billion
  • USD/CAD:
    • 1.3360 – 420 million
    • 1.3395 – 1 billion
  • NZD/USD:
    • 0.6285 – 340 million
  • EUR/GBP:
    • 0.8520 – 350 million

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

  • EUR/USD:
    • 1.0820 – 1.2 billion
    • 1.1145 – 1.2 billion
  • USD/JPY:
    • 143.85 – 1 billion
    • 144.00 – 1.2 billion
  • AUD/USD:
    • 0.6755 – 1.3 billion
  • USD/CAD:
    • 1.3395 – 1 billion

USD/JPY is on an upward trend. Support is expected around 143.60, where there is a significant 9-day option cut. Resistance is anticipated around 145.00, where there are sizable 10 and 12-day option cuts.

EUR/USD is on a downward trend. Support is expected around 1.0900, where there is an existing buy order. Resistance is anticipated around 1.1000, where a substantial 12-day option cut is present.

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

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

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