Back to all insights

📌 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.”

More Insights

Technical Analysis 23 September 2026
September 23, 2026

Technical Analysis 23 September 2026 Overview Today’s central themes are broad dollar strength, the Nasdaq 100’s outperformance, weaker European equities, declining precious metals and a

Read More