Session lows of 1.2297 now posted 16 March
I warned earlier about option-related sell interest at 1.2350 capping the rally after large erly support below 1.2300 ,also option-related.
Some general USD demand prevailing too that sees USDJPY testing 105.85 resistance ahead of option interest of its own at 106.00. I also warned of decent support/bids between 105.50-60 so I hope you took heed.
EURGBP dipping a little but GBPUSD following EURUSD down to post 1.3935 after once again
We really are in a rinse n repeat mode, delighting the jobbers amongst us. Good opportunities in contained ranges. I know it doesn't suit the longer-term traders but good intra pips to be had at the moment.
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.
EURUSD
