Today’s Option Situation – January 23, 2026
Spot
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EUR/USD: 1.1750
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USD/JPY: 158.59
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GBP/USD: 1.3495
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USD/CHF: 0.7900
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USD/CAD: 1.3788
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AUD/USD: 0.6846
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NZD/USD: 0.5911
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EUR/GBP: 0.8705
■ EUR/USD (1.1750)
Friday 23/01
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1.1550 (EUR 0.767bn)
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1.1575 (EUR 0.652bn)
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1.1650 (EUR 1.7bn)
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1.1660 (EUR 1.2bn)
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1.1665 (EUR 0.526bn)
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1.1700 (EUR 1.3bn)
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1.1825 (EUR 0.779bn)
The main gravity centers are:
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1.1650 (EUR 1.7bn)
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1.1700 (EUR 1.3bn)
With spot at 1.1750, price is positioned above both.
Into the NY cut, the structure strongly favors a pullback toward
the 1.1700–1.1650 zone.
There is a light cap at 1.1825, but the downside magnetic force is clearly stronger.
■ USD/JPY (158.59)
Friday 23/01
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159.00 (USD 1.1bn)
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160.00 (USD 1.4bn)
The largest strike is:
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160.00 (USD 1.4bn)
However, with spot at 158.59, the first magnet is:
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159.00, followed by 160.00 as the secondary target.
The 158 handle is an uncomfortable zone, and price is naturally drawn back toward 159.
■ USD/CAD (1.3788)
Friday 23/01
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1.3895 (USD 0.505bn)
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1.3900 (USD 0.585bn)
Options are concentrated above the market.
There is a clear magnetic pull toward the 1.39 area.
The 1.38 zone lacks strong support and is structurally weak.
■ AUD/USD (0.6846)
Friday 23/01
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0.6800 (AUD 0.891bn)
This is a very large magnet.
0.6800 is the most important level of the day.
With spot at 0.6846, price is prone to being pulled back downward toward 0.6800.
■ EUR/GBP (0.8705)
Friday 23/01
-
0.8600 (EUR 0.955bn)
This strike is large but far away.
It represents a medium-term downside center of gravity,
though its impact today is limited.
■ Monday, January 26 (Reference)
EUR/USD
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1.1640 (EUR 0.853bn)
USD/JPY
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159.00 (USD 0.801bn)
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160.00 (USD 0.696bn)
GBP/USD
-
1.3380 (GBP 0.585bn)
USD/CAD
-
1.3800 (USD 1.3bn)
The structure going into next week:
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EUR/USD → gravity returns toward 1.165
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USD/JPY → range likely fixed around 159–160
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USD/CAD → 1.38 becomes the main zone
🔎 Overall Picture
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EUR/USD → Strong pull back from 1.1750 toward 1.170 → 1.165
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USD/JPY → 159 is today’s primary magnet
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USD/CAD → Clear attraction toward 1.39
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AUD/USD → Forced convergence toward 0.6800
Overall, this is a classic:
“NY cut–driven reversion and convergence market.”
Today is a session where:
“If price extends, it gets pulled back.”
Rather than trend-following,
this is a day to trade returns to the option magnets.
