Forex Top Team

8th in March 2024, Today’s Options

 

  • EUR/USD:

1.0770 1.1 billion 1.0800 1.4 billion 1.0835 2.1 billion

  • GBP/USD:

1.2550-80 951 million

  • USD/JPY:

147.00 1.1 billion

  • USD/CAD:

1.3500 742 million 1.3600 1.2 billion

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

  • EUR/USD:

1.0770 1.1 billion 1.0800 1.4 billion 1.0835 2.1 billion

  • USD/JPY:

147.00 1.1 billion

  • USD/CAD:

1.3600 1.2 billion

USD/JPY is trending downward. Support is seen at 147.00 with 1.1 billion options. Resistance is anticipated around 148.25, where substantial options expire on the 12th.

EUR/USD is on an upward trend. Support is expected around 1.0800, where significant options are present with expirations on the 8th and 11th. Resistance is anticipated at 1.1000, where selling orders and options expiring on the 11th are notable.

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

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