Hitting of the start off the month with a bounce off of support at 100.3, USD/JPY will be in a large flux for this trading week. We are highly expecting a correction towards a bullish trend, but as historical data is showing us, we are likely to continue the bearish trend for the remainder of the week. Fluctuation levels are high and a mix of trends will be appearing during the day. Traders are advised to look for both strong CALL and PUT options, ranging from 10-30 minutes.
Yesterday proved quite interesting for this asset, bringing price movement to weekly high levels. Previously set resistance line at 0.8898 indicates a correction in trend, with a supporting RSI. Price action is expected to drop to support levels of 0.8818 by the end of the trading day. Trader are advised to look for both short CALL options, 15 to 20 minutes in length. As well, look also for Strong PUT options, for mostly 30 minutes length. This is a high volatility asset by history and will be extra lucrative during this week.
Silver has been in a constant downtrend for the better part of the end of January. The beginning of February has seen a sharp correction and as according to support lines set, is expected to reach 19.42937 by the end of the day. Volatility looks promising with a increasing RSI and stochastic operating in bullish levels. Traders are advised to look for strong CALL options throughout the day. 30 minute and 1 hour options are preferred.