Good support at 105.50 evident all session 7 MarchI’ve highlighted it countless times today already but the pair has large option expiry related support at 105.50 again today and now posting 105.98 but failing to breach 106.00 with rally sellers always poised
GBPUSD has some option-related support too and the combo has helped GBPJPY rally to 147.22
Other pairs in play too inc USDCHF and AUDUSD so check my regular post here for more details.
Remember these are vanilla options and in play right up until expiry even if breached in the meantime unlike barrier options which cease to be once broken. Barrier Options still live:
- EURUSD 1.2600
- USDJPY 105.00 104.00
For more info on how to use this all data, please refer to my post here.