Euro to yen daily chart shows us, that cross is currently inside a clear downward channel. Its lower and also upper limits were tested with high effectiveness. Currently, price is approaching north bound of our range which may indicate, that in the end of the day it will beat 136.903 price level.
However, looking at lower TF (H4) we can see a strong price flattening. What is more, faster MA (34) broke below the slower one (MA144) and now they provide important resistance zone for further increases since few last candles. MACD Indicator also clearly below zero which may indicate, that we should wait for price drops (buying PUT option).
EUR/JPY option in TopOption expires at 23:30GMT, co it is worth to wait for H4-candle closure. It will give an opportunity to check the strength of resistance zone marked by moving averages. Closing below multiply our chances for PUT option. Strong break above however, give opportunity to play CALL.
TopOption offers 80% payout for option expiring today at 23:30 (GMT). If you invest e.g. $100 buying PUT option and the price at 23:30 will be lower than in the moment you bought the option, TopOption will pay you back $180. If the price goes up, you will lose your money. However, no matter how wrong you was, you never loss more than you bet. You can also choose other option’s expiring hours. Here you will find some useful binary options strategies. If you want to invest in TopOption you do not need to install any additional software. Just visit their website!
