Forex Top Team

14th in February 2024, Today’s Options

 

  • EUR/USD:
    • 1.0600: $490 million
    • 1.0625: $520 million
    • 1.0825: $522 million
    • 1.0980: $430 million
    • 1.1000: $1.9 billion
  • USD/JPY:
    • 147.50: $495 million
    • 149.00: $425 million
    • 151.00: $1.3 billion
  • AUD/USD:
    • 0.6465: $639 million
    • 0.6650: $834 million
    • 0.6725: $849 million
  • NZD/USD:
    • 0.6250: $455 million
  • EUR/GBP:
    • 0.8600: $791 million

Options likely to impact today’s price movements are:

  • EUR/USD:
    • 1.1000: $1.9 billion
  • USD/JPY:
    • 151.00: $1.3 billion

USDJPY is trending upwards. Support is seen at 150.00 where significant buying orders and large options expiring on the 14th and 16th are present. Resistance is anticipated at 151.00 with $1.3 billion.

EURUSD is trending downwards. Support levels are expected around 1.0660-1.0690 where significant buying orders are placed. Resistance is anticipated at 1.0800 where large options expiring on the 16th are situated.

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

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