5 consecutive candles on th 1-hour chart USDJPY currency pair closed above the upper Bollinger Bands (check what settings have that band). There were also correction in the form of upward swing.
Such price behavior gives the potential for further gains but only after breaking a local peak at 100.86. When it comes to the efficient breakout of this level, you can consider purchasing CALL options for the currency pair USDJPY.
However, if the price will continue to decline and closure at H1 chart will be below the upper Bollinger Bands, pro-downward bias will be brought into question.
Test account with a broker binary options uTrader! Click here to invest
Binary options broker uTrader offers a return. If you win your account will increase by a percentage of the invested amount. If you lose, regardless of the size of the defeat, you never lose more than you bet.
