The cash hedging of soon-to-expire FX option strikes can often influence FX price action by adding to any nearby support/resistance points while potentially drawing and containing spot near the strikes – and there are plenty today and for the week ahead. The largest GBP/USD strikes are on Monday at 1.2280 for £532-million. Tuesday at 1.2100 for £367-million, 1.2170 for £480-million, 1.2225 for £300-million and 1.2300 for £300-million. Wednesday at 1.2250 for £333-million and on Friday at 1.2195 for £740-million. EUR/GBP strike expiries are on Thursday at 0.8745 for eur 616-million.