Successful Trades: USD/JPY & GBP/USD - 9 February 2015

USD/JPY

According to Adam Lemons’ analysis of the USD/JPY, “Finally we have some real action on this pair with a strongly bullish breakout. The break of this inner trend line suggests bullishness. That creates an investment opportunity on the instruments: “High”, “Touch up” and “No Touch down”.

I logged in the OptionFair™ binary options trading platform and I traded $1200 on the "Low" instrument. This kind of option has a return of 74% if the option will close below the target price, which means that if the signal is correct I could get a return of $888 on my investment.

The target price for USD/JPY at the buying time (12:17) was 118.586 for the expiration of 12:45. The Asset closed on 1.52217  and I made $888.

GBP/USD

According to Adam Lemon’s analysis of the GBP/USD, “I have been leaving this pair alone for the past few days, but it has suddenly become interesting again for two reasons: firstly, there has been a lot of bullish interest in the GBP over recent days, which has been driving this pair upwards. Secondly, the price has broken out of both a bearish channel and a narrowing triangle formation, which is a bullish sign ”. That creates an investment opportunity on the instruments: “High”, “No Touch down” and “Touch Up”.

I logged in the OptionFair™ binary options trading platform and I traded $1200 on the "Touch Up" instrument. This kind of option expiry, which means that if the signal is correct, I could get a return of $840 on my investment.

The price for GBP/USD at the buying time (12:21) was 1.52091 and the target price was 1.52177 for the expiration of 12:45. The asset touched my target price at 12:31 and I made $840.