Forex Top Team

16th in February 2024, Today’s Options

 

  • EUR/USD: 1.0615 16 billion 1.0675 19 billion 1.0700 25 billion 1.0800 36 billion 1.0825 14 billion 1.0850 12 billion 1.0880 20 billion 1.0900 26 billion 1.0925 11 billion
  • GBP/USD: 1.2400 450 million 1.2650 19 billion 1.3000 671 million
  • USD/JPY: 150.00 17 billion 152.00 800 million
  • USD/CHF: 0.8645 440 million 0.8780 800 million
  • AUD/USD: 0.6350 18 billion 0.6475 625 million 0.6535 842 million 0.6540 693 million 0.6600 11 billion
  • USD/CAD: 1.3500 19 billion
  • NZD/USD: 0.5950 414 million

Options likely to affect today’s market movements:

  • EUR/USD: 1.0615 16 billion 1.0675 19 billion 1.0700 25 billion 1.0800 36 billion 1.0825 14 billion 1.0850 12 billion 1.0880 20 billion 1.0900 26 billion 1.0925 11 billion
  • GBP/USD: 1.2650 19 billion
  • USD/JPY: 150.00 17 billion
  • AUD/USD: 0.6350 18 billion 0.6600 11 billion
  • USD/CAD: 1.3500 19 billion

USD/JPY is on an upward trend. Support is at 150.00 with 17 billion in options. Resistance is expected at 151.00, where there’s a significant option for a cut on the 28th.

EUR/USD is in a ranging trend. Support is at 1.0700 with 25 billion in options. Resistance is at 1.0800 with 36 billion in options.

Today, due to the presence of numerous large options, it might be challenging for trends to develop smoothly.

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

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