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📌 Today’s Option Market – January 26, 2026

📌 Today’s Option Market – January 26, 2026

Spot

  • EUR/USD 1.1854

  • USD/JPY 154.23

  • GBP/USD 1.3661

  • USD/CHF 0.7777

  • USD/CAD 1.3679

  • AUD/USD 0.6911

  • NZD/USD 0.5956

  • EUR/GBP 0.8676

■ EUR/USD (1.1854)

Monday 26/01

  • 1.1680 (1.26 bn)

  • 1.1700 (556 m)

  • 1.1730 (537 m)

  • 1.1750 (895 m)

  • 1.1780 (1.56 bn)

  • 1.1800 (550 m)

The largest concentrations are:

  • 1.1780 (1.56 bn)

  • 1.1680 (1.26 bn)

The current price at 1.1854 is far above the option cluster.
Into the NY cut, the natural path is:

1.1800 → 1.1780 → 1.1750

Above is almost a vacuum zone.
This is a textbook pattern of:

“No reason to go higher, strong gravitational pull to the downside.”

■ USD/JPY (154.23)

Monday 26/01

  • 155.00 (1.0 bn)

  • 155.50 (636 m)

The strongest magnet is:

  • 155.00

With spot at 154.23, there is no structural reason to stay in the 154 area.
The base case today is:

Reversion toward 155.00

■ GBP/USD (1.3661)

Monday 26/01

  • 1.3380 (585 m)

This strike is far below spot.
Option influence is weak today, meaning:

GBP can move relatively freely without option gravity.

■ USD/CHF (0.7777)

Monday 26/01

  • 0.7930 (849 m)

The distance is too large to have strong impact today.
Option effect is limited.

■ USD/CAD (1.3679)

Monday 26/01

  • 1.3800 (1.7 bn)

This is extremely large.
The gravitational pull toward 1.3800 is very strong.

The 1.36 area is an “uncomfortable zone.”

■ AUD/USD (0.6911)

Monday 26/01

  • 0.6800 (744 m)

A massive magnet below.
Structure favors:

Pullback toward 0.6800
The 0.69 handle is hard to sustain.

■ Tuesday 27/01 (Reference)

EUR/USD

  • 1.1705 (908 m)

  • 1.1750 (623 m)

  • 1.1800 (823 m)

  • 1.1810 (857 m)

  • 1.1815 (697 m)

  • 1.1825 (862 m)

  • 1.1900 (860 m)

→ Tomorrow, 1.18 is heavily locked down.

USD/JPY

  • 157.00 (908 m)

GBP/USD

  • 1.3350 (584 m)

AUD/USD

  • 0.6825 (610 m)

EUR/GBP

  • 0.8600 (976 m)

  • 0.8700 (528 m)

→ Tomorrow:

  • EUR/USD is boxed in around 1.18

  • AUD/USD gains a new magnet at 0.6825

  • EUR/GBP has a powerful gravity point at 0.8600

🔎 Overall Structure

  • EUR/USD → Downward reversion pressure centered on 1.1780

  • USD/JPY → 155.00 is today’s main magnet

  • USD/CAD → 1.3800 is the dominant gravitational level

  • AUD/USD → Strong pull toward 0.6800

This is a classic NY-cut-driven reversion market:

“Prices stretched away from option clusters are pulled back,
trends fade, and gravity dominates.”

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