Currency option expires 19 January 10:00 for New York outage

There are a few points to note as highlighted above bold.

The first is at 1.0850, which is just above the 200-day moving average for EUR/USD at 1.0845. All of this put together should provide some support for price action in the coming session until expiration – that is, in case there is any downward pressure on the pair.

There is also the 1.2650 level for GBP/USD, which could act as a similar price level to protect price action from a steeper decline. For now, the pair holds the 100-hour moving average at 1.2682, following a decline following weak UK retail sales data.

For more information on how to use this data, you can refer to the article here.