We continue our series of articles about vanilla options on easyMarkets.
USD/JPY was in downtrend since end of March but in last few days a reversal signal occurred. First the reverse head and shoulders pattern formed, and today price crossed above red neckline. Judging by distance between bottom of the head and the neckline, the projected level is about 110,15. Occasionally it is also a resistance created by two minor bottoms marked with the green line. The HSH breakout is a bullish signal and one of the ways to exploit it is to buy call options offered by EasyMarkets.