Today’s Option Landscape — February 6, 2026 (NY Cut)
Spot Levels
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EUR/USD: 1.1798
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USD/JPY: 156.80
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GBP/USD: 1.3570
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USD/CHF: 0.7760
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USD/CAD: 1.3687
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AUD/USD: 0.6957
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NZD/USD: 0.5976
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EUR/GBP: 0.8692
■ Friday (02/06)
EUR/USD
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1.1800 (2.5B)
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1.1825 (603M)
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1.1850 (963M)
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1.1875 (794M)
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1.1900 (715M)
👉 Spot is 1.1798.
The largest magnet sits at 1.1800.
Into the NY cut, price is likely to be pinned around 1.18.
USD/JPY
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154.00 (500M)
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156.00 (594M)
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157.00 (851M)
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159.90 (1.10B)
👉 Spot is 156.80.
157.00 is the dominant magnet.
With option walls above and below, this is a classic pinning structure around 157.
USD/CHF
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0.7580 (750M)
👉 Spot is 0.7760.
Downward reversion pressure remains, but the distance limits near-term impact.
USD/CAD
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1.3800 (869M)
👉 Spot is 1.3687.
A clear option wall overhead; upside moves are likely to be capped ahead of 1.38.
AUD/USD
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0.6875 (932M)
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0.6885 (557M)
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0.6890 (453M)
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0.6975 (636M)
👉 Spot is 0.6957.
0.6975 is the immediate overhead pin.
Rallies are likely to stall near this level.
■ Monday (02/09) — Forward Look
EUR/USD
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1.1650 (680M)
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1.1885 (550M)
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1.1900 (2.8B)
👉 Next week, 1.19 becomes a super-sized magnet.
Friday’s NY session likely stays pinned near 1.18, with 1.19 coming into focus early next week.
AUD/USD
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0.6860 (1.4B)
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0.6900 (1.4B)
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0.6940 (519M)
👉 The 0.69 zone forms a powerful attraction band.
Early next week is likely to see range trading centered on 0.69.
■ Overall Structure
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EUR/USD
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Friday: pinned near 1.1800
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Early next week: attention shifts toward 1.1900
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USD/JPY
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157 pinning structure remains intact
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USD/CAD
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1.38 acts as a clear upside cap
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AUD/USD
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Friday: focus on 0.6975
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Next week: concentration around 0.69
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👉 This is a fully option-driven market.
Not a session to chase trends — instead, it favors adhesion, pinning, and mean reversion trades.
