Yesterday’s trading session was a surprise for volatility speculators. There was a volatility rollercoaster as the underlying asset was going to and fro as well. GBPUSD tested the secondary option barriers located at 1.5824 and 1.5635. The news background contributed to that: there were significant value gaps between the actual data and the forecasts. The eurozone crisis exerted extra pressure.
Today’s trading session is likely to feel the pressure of the eurozone crisis as well. Consequently, today’s news reports will be secondary drivers.
The key levels of support and resistance are the option barriers 1.5721 and 1.5911.
Provided by the Department of Options,
