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USD/JPY Call Signal 21 June 2016

Signal details
Entry Price: 
104.45
Close Price: 
104.83
Expiry Time: 
20:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The USD/JPY has been moving gradually higher in the run up to the key referendum that is affecting virtually all currency pairs across the board. The move in the Japanese yen higher overnight has been arrested and the U.S. dollar is showing some signs of stabilizing after the recent decline.

We are looking to buy daily call options for the binary options expiration at 20:00 GMT. We have identified the level at 104.45 as a key support for the New York session and we will act upon it with buying of daily call options. The main rationale for the move is the current bullish sentiment of the market.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.