The EUR/USD options expiry at the 1.1400 level may limit price movements. The 200-hour moving average, located at 1.1404, can also help prevent downward pressure. Additionally, minor support at 1.1380 could keep prices steady before the US CPI report or updates from the US-China meeting. For USD/JPY, the 145.00 level is a resistance point. The pair has struggled to break through this mark on the daily chart for the past two weeks. As a result, this level is likely to act as a strong barrier with traders awaiting US inflation data and trade news. The options expiry near 1.1400 in the euro-dollar pair, along with the nearby 200-hour moving average, suggests these factors may limit price movements for now. With some support around the 1.1380 mark, we don’t expect major shifts—at least until we receive clarity from the upcoming US inflation figures or any significant developments resulting from US-China talks. In the dollar-yen pair, the 145.00 level has been tested multiple times recently and has held firm. This indicates that market participants see it as a ceiling for now. The expiring options are likely adding more strength to this level, making it harder for prices to break above unless strong fundamental data changes the sentiment. With the US inflation report coming up, this could significantly impact market moves, especially if it causes investors to adjust their positions quickly. So, where do we stand? When options expiry coincides with major technical levels like a moving average, the market can often become stuck in a range temporarily. Traders have seen this before, where prices remain stable until a catalyst emerges. In this case, we’ll be watching consumer price data closely. If inflation figures are significantly higher or lower than expected, that might give the momentum needed to move past these levels. Price movements are likely to stay limited in both pairs until that data is released. Additionally, any unexpected comments or policy shifts from Washington or Beijing could change the dynamics. For now, it’s important to monitor the ranges, identify pressure points, and adjust trading strategies as needed.

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