Large option expiries today at 1.1400 are making their presence felt.
It's been a text book session so far with order levels combining with a few techs to provide one of the most straightforward and tradable mornings in recent times. If you've not made money on these moves then you should be having a serious re-think of your strategy/signal/info base.
After the large sell interest between 1.1460-70 that I have highlighted on many occasions we've now retreated to test the option-based business at 1.1400 that I've also been posting about and the level is holding after a quick dip to 1.1396.
Don't forget these options are "vanilla" and that means they are still in play until 14.00 GMT expiry time even if breached prior.
Currently 1.1408 but with EURGBP still on the back foot at 0.7968 providing support for cable into 1.4300 after its own offer-led cap at 1.4348.
