Forex Top Team

7th in February 2024, Today’s Options

 

  • EUR/USD:
    • 1.0700: $430 million
    • 1.0725: $1.2 billion
    • 1.0800: $559 million
    • 1.0925: $530 million
    • 1.0935: $491 million
    • 1.0950: $2.4 billion
  • USD/JPY:
    • 146.45: $691 million
    • 147.00: $1.1 billion
  • USD/CHF:
    • 0.8485: $600 million
  • AUD/USD:
    • 0.6450: $348 million
    • 0.6600: $355 million
  • USD/CAD:
    • 1.3500: $435 million
  • NZD/USD:
    • 0.5950: $532 million
    • 0.5955: $431 million

Options likely to affect today’s price movements:

  • EUR/USD:
    • 1.0725: $1.2 billion
    • 1.0950: $2.4 billion
  • USD/JPY:
    • 147.00: $1.1 billion

USD/JPY is showing a range-bound trend. Support is expected at 147.00 with $1.1 billion. Resistance is anticipated at 150.00 due to selling orders and options expiring on the 8th and 14th.

EUR/USD is exhibiting a rebound from the decline. Support is seen at 1.0690 with significant buying orders. Resistance is expected at 1.0850 due to large options expiring on the 9th.

Current power balance on the 15-minute chart:

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

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