This is why we watch the options

Big expiries in USDJPY and USDCAD and the price has moved right into them.

USDJPY & USDCAD

It doesn’t happen often like this but when the conditions are ripe, this is what can happen.

Update 15.02: I’m taking a small long in USDJPY here at 112.23 and will add a bit more against the support near 112.00. If this is just option related then we may see a bounce back to levels before the options players took over.

 

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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