May 21 NY Cut FX Option Expiries

21 May 2020 | AtoZ Markets – The following are the DTCC May 21 NY cut FX option expiries at 10:00 Eastern Time for GBP/USD and USD/JPY

GBP/USD Option expiries in GBP amounts        

• 1.2275 389m

Prior to GBP/USD option expiry for the 21^st of May, the pair is trading within the range of 1.219 and 1.2235 with bearish bias. From technical perspective below 1.2200 level GBP/USD is expected to move towards its previous low of 1.2075. However, above 1.2305 zone, we can expect a strong bullish surge towards 1.2525 level.

USD/JPY Option expiry in USD amounts         

• 107.69 484m

Prior to USD/JPY option expiry on the 21^st of May, the pair is trading within the range of 107.5 and 107.75 with bullish bias. If we see a persistent price action above 107.35 zone, we can expect USD/JPY move towards 108.35 level as its initial target.