7th in March 2024, Today’s Options

 

  • EUR/USD:
    • 1.0775 1.9 billion
    • 1.0810 2.5 billion
  • GBP/USD:
    • 1.2485 2.1 billion
  • USD/JPY:
    • 149.50 1.1 billion
    • 150.25 1.6 billion
    • 150.50 1.1 billion
  • AUD/USD:
    • 0.6520 1.1 billion
  • USD/CAD:
    • 1.3605 1.0 billion
    • 1.3635 1.1 billion

Options likely to be relevant to today’s price movements are as follows:

  • EUR/USD:
    • 1.0775 1.9 billion
    • 1.0810 2.5 billion
  • GBP/USD:
    • 1.2485 2.1 billion
  • USD/JPY:
    • 149.50 1.1 billion
    • 150.25 1.6 billion
    • 150.50 1.1 billion
  • AUD/USD:
    • 0.6520 1.1 billion
  • USD/CAD:
    • 1.3605 1.0 billion
    • 1.3635 1.1 billion

USD/JPY is showing a downward trend. Support is expected around 147.00, where there is a large option expiring in 14 days. Resistance is anticipated around 150.00, where there is a significant option expiring in 11 days.

EUR/USD is showing an upward trend. Support is expected around 1.0810 with an option volume of 2.5 billion. Resistance is expected around 1.1000, where there are sell orders.

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

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

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