📊 FX Option Expiries — March 26, 2026 (NY Cut Focus)
■ Spot Levels| Pair | Spot |
|---|---|
| EUR/USD | 1.1568 |
| USD/JPY | 159.42 |
| GBP/USD | 1.3362 |
| USD/CHF | 0.7914 |
| USD/CAD | 1.3819 |
| AUD/USD | 0.6952 |
| NZD/USD | 0.5805 |
| EUR/GBP | 0.8656 |
■ Thursday (March 26)
EUR/USD
- 1.1450 (880M)
- 1.1500 (3.2B) ★ Largest
- 1.1525 (690M)
- 1.1575 (630M)
- 1.1600 (1.4B)
- 1.1700 (660M)
- 1.1750 (600M)
👉 Spot 1.1568
- 1.1500 = massive pin (core magnet)
- Upside: 1.1600 = secondary magnet
USD/JPY
- 158.00 (790M)
- 160.00 (560M)
👉 Spot 159.42
👉 Range lock: 158–160
GBP/USD
- 1.3350 (1.1B) ★ Largest
👉 Spot 1.3362
👉 Almost perfect pin at 1.3350
USD/CAD
- 1.3750 (510M)
AUD/USD
- 0.6900 (1.2B) ★ Largest
👉 Spot 0.6952
👉 Strong downside defense at 0.6900
■ Friday (March 27)
EUR/USD
- 1.1550 (730M)
- 1.1575 (1.5B) ★ Largest
- 1.1600 (750M)
- 1.1650 (500M)
- 1.1665 (710M)
👉 1.1575 = central pin structure
USD/JPY
- 159.00 (590M)
👉 Pin pressure toward 159
GBP/USD
- 1.3300 (570M)
- 1.3400 (540M)
- 1.3450 (750M) ★ Largest
USD/CAD
- 1.3800 (580M)
AUD/USD
- 0.6900 (510M)
- 0.6950 (740M)
- 0.7000 (810M)
- 0.7100 (690M)
👉 0.6950–0.7000 = central range zone
■ Overall Structure
✔ EUR/USD
- Thu: 1.1500 massive pin
- Fri: 1.1575 center
✔ USD/JPY
- Range-bound: 159–160
✔ GBP/USD
- 1.3350 pin → upside 1.3450
✔ AUD/USD
- 0.6900 strong support + 0.70 range
■ Market Implication
👉 This is a classic:
“Fully option-dominated + range-constrained market”
Key characteristics:
- Trends are suppressed
- Price gravitates toward option strikes
- Breakouts are likely to fail (false moves)
🎯 Trading Insight
👉 Best approach:
- Fade moves into extremes
- Trade around NY cut timing
- Focus on mean reversion strategies
Avoid:
❌ Trend chasing
❌ Breakout entries
📌 One-Line Summary
👉 “Option gravity dominates — range trading environment.”
