USDCAD pinned around 1.2850 as option expiry clock ticks away
Option contracts expiring at the top of the hour 13 March
Further to my earlier posts another reminder that US clocks went fwd 1 hour at w-e so expiry time now 14.00 GMT, not 15.00 GMT, until 25 March
USDCAD has large ( for this pair) interest at 1.2850 and we're pinned against that now as both sides do battle.
USDJPY has large interest at 107.50 and I warned earlier that it would help to cap rallies. Tillerson's sacking certainly helped in sending the pair down to 106.80 after 107.30 highs.
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.
For more info on how to use this all data, please refer to my post here.