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By: Adam Stone
February 16th, 2015 11:00am GMT, London UK
Today’s Binary Options Trading Strategy:
• Currency Pair: AUDJPY
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary call options on dips below 92.300
• Upside Potential: The upside potential for this binary call option is 500 pips to 97.300
• Downside Potential: The downside potential for this binary call option is 230 pips to 90.000The AUDJPY is trading inside its horizontal support level after a false breakdown took this currency pair to an intra-day low of 89.365 which was reached on February 3rd 2015. The corrective phase emerged after the AUDJPY reached an intra-day high of 97.388 on January 20th 2015. The drift to the upside which followed the intra-day low reached an intra-day high of 93.092 on February 11th 2015 and represented a false breakout from where the AUDJPY move back inside its horizontal support level.Daily market analysis 16022015


Price action is now trading inside a triangle formation which is increasing pressure for this currency pair to either breakout or breakdown. The AUDJPY is expected to breakout above its descending resistance level and challenge its most recent intra-day high. Binary options traders can benefit from the anticipated breakout with binary call options. Today’s binary options trading strategy suggests call options to be placed on dips below 92.300 for a risk/reward ratio of 1.0/2.17.

The AUDJPY has been exposed to a trading environment with reduced volatility during its corrective phase which remained as price action is trading sideways inside its horizontal support level. A spike in volatility is expected due to the triangle formation which has formed; the descending resistance level is likely to increase downward pressure while the ascending support level will increase upward pressure. Sellers may attempt to force a breakdown which is not expected to materialize below its recent intra-day low. Buyers are favored to take the enforced support level for a sustained breakout.

The first resistance level awaits the AUDJPY at its intra-day high of 93.092 which was recorded on February 11th 2015. This level represents the high reached during its previous advance. A breakout above this level will take the AUDJPY to its intra-day high of 94.615 which was reached on January 28th 2015. This level marks the high reached before an accelerated move to the downside took this currency pair to its current intra-day low. The final resistance level is located at its intra-day high of 97.388 which was reached on January 20th 2015.

The following economic data out of Australia already impacted the base currency, the Australian Dollar, of the AUDJPY currency pair:
New Motor Vehicle Sales for the month of January:
• Expectations: A monthly increase of 1.2% was expected for January, an annualized increase of 0.1%
• Previous Report’s Data: A monthly increase of 2.6% was reported in December, an annualized contraction of 1.1%
• Released Data: A monthly contraction of 1.5% was reported for January, an annualized increase of 0.2%
• Impact on the Australian Dollar: The report on new motor vehicle sales out of Australia is being overshadowed by economic data out of Japan which favors binary call options in the AUDJPY currency pair

In addition the following economic report out of Japan already impacted the quote currency, the Japanese Yen, of the AUDJPY currency pair:
Gross Domestic Product for the fourth-quarter of 2014:
• Expectations: An increase of 0.9% was expected for the fourth-quarter, an annualized increase of 3.7%
• Previous Report’s Data: A contraction 0.6% was reported for the third-quarter, an annualized contraction of 2.3%
• Released Data: An increase of 0.6% was reported for the fourth-quarter, an annualized increase of 2.2%
• Impact on the Japanese Yen: The worse than expected increase in fourth-quarter GDP has applied downward pressure on the Japanese Yen; this favors binary call options in the AUDJPY currency pair

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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