Today’s Option Positioning – January 27, 2026
Spot
EUR/USD 1.1875
USD/JPY 154.53
GBP/USD 1.3685
USD/CHF 0.7770
USD/CAD 1.3734
AUD/USD 0.6916
NZD/USD 0.5969
EUR/GBP 0.8676
■ EUR/USD (1.1875)
Tuesday 27/01
1.1705 (908M)
1.1750 (623M)
1.1800 (823M)
1.1810 (857M)
1.1815 (697M)
1.1825 (862M)
1.1900 (860M)
This zone has a heavy concentration of options between 1.1800 and 1.1825.
The current price at 1.1875 is slightly above this cluster.
Structure:
-
Downside: 1.1825 (862M)
-
Upside: 1.1900 (860M)
Both sides are almost the same size, creating a “sandwich” structure.
However, the depth and density of positions are clearly heavier on the downside,
so into the NY cut the pair is more likely to be pulled back toward
1.1820–1.1800.
This is a classic
“Day when prices that ran upward are pulled back into the option zone.”
■ USD/JPY (154.53)
Tuesday 27/01
157.00 (908M)
The option interest is far above the current level.
Because of this distance, option influence today is weak, and price action is mainly driven by pure market flow.
Only if the market shifts into a USD-strength phase will
157.00 become a meaningful magnetic level.
■ GBP/USD (1.3685)
Tuesday 27/01
1.3350 (584M)
This strike is far below the current price.
Therefore, GBP/USD is effectively free from option constraints today,
making it suitable for trend-following trades.
■ USD/CHF (0.7770)
Wednesday 28/01
0.7925 (524M)
0.7930 (604M)
These are far above the current price.
Short-term impact is limited, but structurally the pair still carries
a medium-term pull back toward the 0.79 area.
■ AUD/USD (0.6916)
Tuesday 27/01
0.6825 (610M)
Wednesday 28/01
0.6875 (640M)
0.6900 (537M)
Today’s real focus is actually tomorrow.
Current price 0.6916 sits just above a two-step magnetic structure:
-
First magnet: 0.6900
-
Second magnet: 0.6875
This creates a very strong pullback configuration:
0.6900 → 0.6875 is the dominant return path.
Today, AUD/USD is structurally one of the strongest “mean reversion” candidates.
■ NZD/USD (0.5969)
Wednesday 28/01
0.5810 (533M)
This is far below the current price.
Option impact today is limited. Trend direction dominates.
■ EUR/GBP (0.8676)
Tuesday 27/01
0.8600 (976M)
0.8700 (528M)
The pair is trapped between two option strikes.
However, 0.8600 is overwhelmingly larger in size.
Structure:
“Rallies are sold, and over time price is pulled downward.”
Today, the 0.868–0.870 zone is likely to act as a heavy cap.
■ Wednesday 28/01 (Reference)
EUR/USD
1.1700 (2.5B)
1.1710 (587M)
1.1750 (1.0B)
1.1800 (1.9B)
1.2000 (590M)
Tomorrow forms a clear two-magnet market:
-
1.1700
-
1.1800
If today closes near 1.18, tomorrow is highly likely to turn into a tight range market.
Overall Structure
-
EUR/USD → Strong pullback pressure toward 1.1820–1.1800
-
AUD/USD → Extremely strong magnets at 0.6900 → 0.6875
-
EUR/GBP → 0.8700 acts as a ceiling, 0.8600 is the main gravitational center
-
USD/JPY & GBP/USD → Weak option influence, trend-driven
Conclusion
Today is:
“A day when currencies that jumped upward are pulled back into lower option zones.”
Especially:
-
EUR/USD
-
AUD/USD
These two are the most important NY-cut mean-reversion pairs today.
