Sell orders to protect barrier option interest at 1.3300 have been building up on this pair for a while now
I’m just hearing though that a sizeable chunk of it rolls off today at the 10am NY cut
I don’t have specifics on the amount but it might come into play closer to the expiry later.
Once that’s rolled off it will/should mean that there’s less resistance thereafter, if indeed it hasn’t broken up before hand
Just something to bear in mind