Successful Trades: USD/JPY & EUR/USD - 22 April 2015

USD/JPY

According to Christopher Lewis’s analysis of the USD/JPY, “That of course should continue to drive interest-rate differential conscious traders into the US dollar, although the differential isn't huge at the moment. Nonetheless, the Federal Reserve is much closer to raising rates than the Bank of Japan is, so quite frankly there’s no reason for this pair to go down for any real length of time”. 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 "High" instrument. This kind of option has a return of 74% if the option will close above 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 (11:50) was 119.446 for the expiration of 12:00. The Asset closed on 119.464 and I made $888.

EUR/USD

According to Christopher Lewis’s analysis of the EUR/USD, “I think there is simply a culmination of too many bearish reasons to think about buying the Euro at this point in time as the Greek situation still remains the same as it has been for several years. Ultimately, the debts will not be paid, it’s a simple math problem”.“Touch Down” and “No Touch Up”.

I logged in the OptionFair™ binary options trading platform and I traded $1200 on the "Touch 

Down" instrument. This kind of option has a return of 75% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $900 on my investment.

The price for EUR/USD at the buying time (11:20) was 1.07598 and the target price was 1.07514 for the expiration of 11:45. The asset touched my target price at 11:22 and I made $900 in just two minutes!