📊 FX Option Expiries — April 10, 2026

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■ Spot Levels

• EUR/USD: 1.1690
• USD/JPY: 159.20
• GBP/USD: 1.3420
• USD/CHF: 0.7902
• USD/CAD: 1.3823
• AUD/USD: 0.7066
• NZD/USD: 0.5846
• EUR/GBP: 0.8709

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■ Friday (April 10)

EUR/USD

• 1.1520 (0.83B)
• 1.1530 (1.9B) ★ Largest
• 1.1700 (0.91B)
• 1.1740 (0.61B)
• 1.1800 (1.3B)

👉 Spot: 1.1690

✔ Upside magnet: 1.1700 (near-term)
✔ Downside anchor: 1.1530 (largest)

👉 Structure:

• Slight upward pull
• Strong downside support

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USD/JPY

• 158.00 (1.9B) ★ Largest
• 160.00 (0.97B)

👉 Spot: 159.20

✔ Clearly defined 158–160 range
👉 Center of gravity: around 159

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GBP/USD

• 1.3500 (0.57B)

👉 Light positioning
→ Limited standalone impact

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USD/CAD

• 1.3815 (0.51B)

👉 Spot near strike
→ Likely pin behavior

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EUR/GBP

• 0.8700 (0.6B)

👉 Spot: 0.8709
→ Almost perfectly pinned

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■ Monday (April 13)

EUR/USD

• 1.1450 (1.3B)
• 1.1640 (0.75B)
• 1.1650 (0.97B)
• 1.1700 (0.58B)

👉 Heavier positioning on the downside
👉 1.16 zone = short-term balance area

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USD/JPY

• 157.50 (0.54B)

👉 Only mild downside pull

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GBP/USD

• 1.3550 (0.51B)

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USD/CAD

• 1.3700 (0.77B)
• 1.3900 (0.63B)

👉 Distributed both sides
→ More room for trend development

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■ Overall Structure (Key Takeaways)

EUR/USD

👉 Upside: 1.1700
👉 Downside: 1.1530 (largest)

＝ Slightly bullish range with strong support below

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USD/JPY

👉 158 (major support) vs 160 (ceiling)

＝ Fully range-dominated market
→ NY cut likely pulls price back toward the center

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EUR/GBP

👉 0.8700

＝ Perfect pinning structure

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🎯 Trading Strategy (Key)

EUR/USD

→ Sell near 1.1700
→ Buy dips around 1.1650

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USD/JPY

→ Mean-reversion trades around 159
👉 Range trading is optimal

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EUR/GBP

→ Pure range scalping
👉 Classic pin behavior

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■ Final Insight

👉 This is a textbook “range + pinning market”

• Trend trades: ❌ Low probability
• Breakouts: ❌ Likely false
• Mean reversion: ✅ Highest edge