Good support lines being developed on the pair again 14 March
As per my regular daily post we have large vanilla option interest rolling off at 106.00 and also some interest at 106.50 helping to provide support.
106.20-30 has become a decent line in the sand for buyers/option defence in recent session and today is no different.
Tomorrow we have very large interest rolling off at 106.95 as I've been reporting in the past two days so 106.00-107.00 your range in essence until then (14.00 GMT) and quite possibly beyond given recent price action.
Sell high. buy low, Just don't get excited about anything too much in the middle, which is where we are at the moment
AUDUSD also got large option interest today which is lending support and EURUSD at 1.2400-10 providing sell interest to cap rallies. I'll post on that shortly too.
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.
