FX Options Overview – May 4, 2026
■ Spot Levels
- EUR/USD: 1.1731
- USD/JPY: 156.71
- GBP/USD: 1.3590
- USD/CHF: 0.7808
- USD/CAD: 1.3586
- AUD/USD: 0.7206
- NZD/USD: 0.5916
- EUR/GBP: 0.8630
■ Monday (May 4)
EUR/USD
- 1.1650 (660M)
- 1.1670 (620M)
- 1.1680 (540M)
- 1.1700 (1.1B)
- 1.1750 (1.6B) ★ Largest
- 1.1800 (700M)
→ Spot: 1.1731
→ Strong pull toward 1.1750
→ Tight 1.1700–1.1750 pin range
USD/JPY
- 158.00 (750M)
→ Single upside magnet
→ Spot 156.7 → Upside bias remains
AUD/USD
- 0.7065 (1.5B) ★ Largest
- 0.7160 (730M)
- 0.7200 (1.0B)
- 0.7250 (810M)
→ Spot: 0.7206
→ Holding near 0.72
→ Strong downside pull toward 0.7065
■ Tuesday (May 5)
EUR/USD
- 1.1605 (740M)
- 1.1610 (1.1B)
- 1.1625 (590M)
- 1.1635 (830M)
- 1.1650 (760M)
- 1.1690 (790M)
- 1.1700 (540M)
- 1.1750 (1.8B)
- 1.1800 (2.9B) ★ Largest
- 1.1805 (890M)
→ Massive concentration at 1.1800 (2.9B)
→ Upside magnetic pressure strengthening
USD/JPY
- 160.35 (550M)
→ Upside continuation
→ Market still anchored toward 160 zone
GBP/USD
- 1.3575 (600M)
USD/CHF
- 0.7900 (880M)
USD/CAD
- 1.3700 (640M)
→ Mild upside bias
AUD/USD
- 0.7100 (630M)
→ Downside magnet persists
■ Overall Structure
- EUR/USD: 1.1750 → shifting toward 1.1800 (strong upside pin)
- USD/JPY: Upside bias intact → 158 → 160 zone awareness
- AUD/USD: Strong downside magnet → 0.7065
■ Trading Strategy
EUR/USD
- Buy dips
- Targets: 1.1750 → 1.1800
USD/JPY
- Buy on dips
- Reversion toward 158–160 zone
AUD/USD
- Sell rallies
- Target: 0.7200 → 0.7065
■ Summary
This session is clearly defined by:
“EUR strength vs AUD weakness”
A divergent currency market.
Key takeaways:
- EUR/USD → Option-driven upside continuation
- AUD/USD → Strong gravitational pull lower
→ Trend-following strategies are likely to work best in this environment
