Analysis by optionFair
GBP/USD
According to Christopher Lewis's analysis of the GBP/ USD, the pair is heading up for the last few days and will continue to stay bullish. That creates an opportunity on the instruments: “High” and “Touch”.
Based on this analysis, I decided to try and make money with $1,000. I wanted to invest. optionFair was my binary options trading platform of choice and so I placed my money on the “Touch” instrument. If this option hits the strike price before the expiry time, I could get a return of 72% on the money invested.
The market price for GBP/USD at the buying time (10:22) was 1.61465 and the target price was 1.61534 for the expiration of 10:45. The pair touched the strike price at 10:27 and I earned $720 in 5 minutes!
USD/JPY
According to Christopher Lewis’s analysis of the USD/JPY, a level support at 81.00, opens up the possibility to trade on the “Hight”, “One Touch” instruments.
I logged in the optionFair™ Binary Options Trading Platform at 10:24 and I traded $1,000 on the “High” instrument for the expiration of 10:45. This kind of option has a return of 80% if the option expires above the strike price (80.982) at expiry time, meaning I could earn $800 on my investment.
The market price for the pair at the expiry time was 81.008, which is above my strike price, and therefore I won my position.
