Successful Trades on July 8, 2013

USD/JPY

Christopher Lewis stated in his analysis of the USD/JPY that, “The 103.50 level is roughly where we topped off that way, and I think that we are heading back to that level and beyond”. This indicates investment opportunities using the instruments: “High”, “Touch” and “No Touch”. I logged onto the OptionFair trading platform and traded $1,400 with the "High" instrument. This kind of option has a potential return of 70% if the option will close above the target price, which means that if the signal is correct I could get a return of $980 on my investment. The target price for USD/JPY at the buying time (11:02) was 101.159 for the expiry of 11:10. The asset closed on 101.170 and I made $980. 

GBP/USD

Christopher Lewis stated in his analysis of the GBP/USD that, “It would not surprise me at all to see a bounce in this pair”. This indicates an investment opportunity in the following positions: “High”, “Touch” and “No Touch”. On the OptionFair trading platform, I traded $1,700 with the “Touch” instrument. This kind of option has a potential 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 $1,224 on my investment. The market price for the GBP/USD at the buying time (11:45) was 1.48750 and the target price was 1.48816 for the expiry of 12:15. The asset touched my target price at 11:51 and I made $1,224.