FX Option Expiries Overview – April 18, 2026
Spot Levels
- EUR/USD: 1.1753
- USD/JPY: 158.93
- GBP/USD: 1.3490
- USD/CHF: 0.7828
- USD/CAD: 1.3697
- AUD/USD: 0.7147
- NZD/USD: 0.5867
- EUR/GBP: 0.8710
■ Monday (April 20)
EUR/USD
- 1.1600 (1.9B)
- 1.1700 (0.97B)
- 1.1750 (2.6B) ★Largest
- 1.1780 (0.70B)
- 1.1785 (1.1B)
- 1.1800 (0.85B)
- 1.1900 (1.0B)
👉 Spot: 1.1753, perfectly pinned to 1.1750
👉 1.1750 is the dominant magnet
USD/JPY
- 160.00 (0.57B)
👉 Only upside expiry present
→ Watch for upside extension risk
GBP/USD
- 1.3500 (1.0B)
👉 Pin near current spot
USD/CAD
- 1.3600 (0.62B)
- 1.3770 (0.56B)
- 1.3800 (0.71B)
👉 Distributed both above and below
→ Structure favors higher volatility
■ Tuesday (April 21)
EUR/USD
- 1.1600 (0.93B)
- 1.1655 (0.72B)
- 1.1675 (1.8B)
- 1.1725 (2.1B) ★Largest
- 1.1730 (0.73B)
- 1.1760 (1.1B)
- 1.1765 (0.61B)
- 1.1780 (0.88B)
- 1.1800 (1.8B)
- 1.1810 (1.0B)
👉 Largest magnet shifts to 1.1725
👉 Monday’s 1.1750 → Tuesday’s 1.1725
→ Gradual downside shift
USD/JPY
- 156.00 (1.5B) ★Large
👉 Significantly below current spot (158.93)
👉 Strong medium-term downside attraction
GBP/USD
- 1.3300 (1.0B)
👉 Far below current spot
→ Upside looks heavy
USD/CAD
- 1.3735 (0.71B)
👉 Upside pin
AUD/USD
- 0.7050 (0.57B)
- 0.7100 (0.82B) ★Largest
- 0.7200 (0.61B)
👉 Spot: 0.7147
→ Tends to revert toward 0.7100
■ Summary
EUR/USD
✔ Monday: 1.1750 pin
✔ Tuesday: Magnet shifts down to 1.1725
👉 Slow downside bias developing
USD/JPY
✔ 160.00 upside cap
✔ 156.00 strong downside magnet
👉 Sell-on-rallies favored
AUD/USD
✔ 0.7100 remains the center
👉 Chasing highs is dangerous
■ Trading Strategy
EUR/USD
👉 Preferred sell zone: 1.1760 – 1.1800
👉 Targets: 1.1725 → 1.1675
USD/JPY
👉 159 area = sell-on-rally candidate
AUD/USD
👉 Above 0.7150 = favorable short zone
This structure strongly supports:
Sell strength, not breakout chasing.
