🗞️ FX Options Overview — February 20, 2026

🗞️ FX Options Overview — February 20, 2026

📍 Spot Levels

• EUR/USD: 1.1760

• USD/JPY: 155.08

• GBP/USD: 1.3457

• USD/CHF: 0.7751

• USD/CAD: 1.3681

• AUD/USD: 0.7052

• NZD/USD: 0.5965

• EUR/GBP: 0.8738

🔹 EUR/USD

• 1.1750 (670M)

• 1.1775 (750M)

• 1.1800 (750M)

👉 With spot at 1.1760, 1.1750 acts as the immediate magnet below.
Above, 1.1775–1.1800 forms a light resistance cluster.

Short-term structure favors pinning near 1.1750 into NY cut.

🔹 USD/JPY

• 154.00 (1.0B)

• 154.35 (670M)

• 155.00 (1.1B)

• 156.65 (720M)

👉 Spot at 155.08, making 155.00 the key pin level.

Barriers both above and below suggest a 155-centered containment structure.

Breakouts look less likely unless driven by fresh macro catalysts.

🔹 USD/CHF

• 0.7600 (500M)

No nearby heavy strikes — less magnetic pull today.

🔹 USD/CAD

• 1.3740 (500M)

• 1.3775 (580M)

👉 Resistance clustered above current spot.
Upside may be capped short term.

🔹 EUR/USD

• 1.1845 (1.1B)

👉 Early-week upside magnet.
If EUR rebounds next week, 1.1845 becomes the reference level.

🔹 AUD/USD

• 0.6865 (570M)

🔹 EUR/GBP

• 0.8750 (510M)

✔ EUR/USD: Short-term magnet at 1.1750; next week 1.1845 in focus
✔ USD/JPY: 155.00 central pin level
✔ USD/CAD: Overhead resistance structure
✔ Market tone favors NY cut pinning rather than clean breakouts

Today’s environment leans toward magnet-driven containment, not trend expansion — unless U.S. data surprises significantly.