We continue our series of articles about vanilla options on easyMarkets.
Wednesday in early afternoon pair EUR/JPY reached the fourfold resistance line visible on the daily chart. The line has worked, since then the price has fallen.
About 7 p.m. price broke the red line of the upward trend visible on the hourly chart. The line went through four turning points, so we’re dealing with a signal of increased credibility. Therefore, you should consider opening a long position on the sell options. Options of this type are offered by easyMarkets.
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