As a result of yesterday’s declines USDJPY has overcome important support at 110.30. If declines are continued we would expect to close previous bullish gap and perhaps even re-test 108.25 area. It is worth noting that yesterday’s support was still not tested from the bottom (as a resistance) and now coincides with the 38.2% Fibonacci correction from previous falls. If it happens this re-test would be the best opportunity to join the declines. If market beats yesterday’s minima- falls could continue without any upward correction. In short term, therefore, it is worth considering PUT option on this instrument.
BDSwiss, offers 71% return on options. If you win, the greater will be the percentage of your earnings from invested stake. If you lose, regardless of the size of the defeat, you will never lose more than you bet. You can also choose other expiration hours for options, both shorter and longer.
