There are a couple to take note of on the day, as highlighted in bold.
The first being for EUR/USD at the 1.1650 level. The pair finally secured a daily close above 1.1600 yesterday but ever so marginally. So, just be wary that we might not get much of an extension to price action especially if the broader dollar sentiment holds steadier on the day. As such, the expiries could act as a bit of a ceiling for that in the session ahead - if we come to it.
Then, there are ones for USD/JPY at the 144.50 and 145.00 levels. The rejection of the 100-day moving average yesterday coinciding with added dollar weakness puts the focus back on the levels above. The 200-hour moving average sits at 145.10 and will be a testing point for near-term bias. But if price action holds below that, expect the expiries above to help keep things in range in European trading at least.
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at www.forexlive.com. Read More Details
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