GBP/CHF – as a result of lasting since Tuesday gains, the market has overcome local resistance. It is worth noting that as a result of later bearish correction, both this level and the nearby Fibonacci correction 38.2% were tested and in their vicinity demand response occurred twice. Permanent rejection of this zone could be a signal to continue growth. So in the short term, you should consider CALL option on this instrument.
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USD/JPY – situation looks almost identical as on GBP/CHF. Here too the market has beaten and after re-testing, rejected the local resistance (now support). If the uptrend continues, in nearest future we may even be able to re-test the 110.90 area. So in short term, you should consider CALL option on this instrument.
