Forex Top Team

27th in March 2024, Today’s Options

 

Today’s Options

  • EUR/USD:
    • 1.0760: $713 million
    • 1.0800: $1.9 billion
    • 1.0840: $1.5 billion
    • 1.0850: $700 million
    • 1.0880: $4.7 billion
  • GBP/USD:
    • 1.2600: $1.1 billion
  • USD/JPY:
    • 150.00: $529 million
    • 151.50: $1.2 billion
    • 152.00: $665 million
  • AUD/USD:
    • 0.6500: $2.3 billion
  • USD/CAD:
    • 1.3650: $1.3 billion
  • NZD/USD:
    • 0.6000: $959 million
    • 0.6085: $500 million

Options likely to be involved in today’s price movements include:

  • EUR/USD:
    • 1.0800: $1.9 billion
    • 1.0840: $1.5 billion
    • 1.0880: $4.7 billion
  • GBP/USD:
    • 1.2600: $1.1 billion
  • USD/JPY:
    • 151.50: $1.2 billion
  • AUD/USD:
    • 0.6500: $2.3 billion
  • USD/CAD:
    • 1.3650: $1.3 billion

USD/JPY is under selling pressure due to the tripartite talks, including the Bank of Japan. Below, a huge option expiring on the 28th exists at 150.50, acting as support. Above, sell orders at 152.00 with a significant option expiring on the 28th are expected to serve as resistance.

EUR/USD is showing a ranging trend. Below, $1.9 billion at 1.0800 acts as support. Above, $4.7 billion at 1.0880 is expected to serve as resistance.

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

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