GBP/USD
Based on Doug’s analysis of the GBP/USD, the GBP continues to remain bearish which creates an investment opportunity in the following positions: “Below”, “No Touch” or “Touch Down” on the GBP/USD.
With optionFair™ Binary Options Trading platform, I traded $1,000 on the “No Touch” instrument. This kind of option has a return of 72% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $720 on my investment. The market price for GBP/USD at the buying time (12:05) was 1.57719 and the target price was 1.57753. The GBP/USD price didn't hit the target price. I won the position, earning $720 in a short time!
EUR/JPY
Based on Doug’s analysis of the EUR/JPY, if the pair will continue to go up, you can choose the instrument which will follow it through – “Touch”, “No touch down” or “High”.
With optionFair™ Binary Options Trading Platform, I traded $1,000 on the “High” instrument. This kind of option has a return of 85%. If the option expires above the strike price, I could get a return of $850 on my investment. The market price for EUR/JPY at the buying time (13:08) was 106.379. The option moved in the right direction. I decided to take an early closure with a $186 profit. I earned more than 18% on my investment in less than 5 minutes!
