Binary Betting Tip EurJPY 5 Oct 2009

Binary Betting Tip EurJPY 5 Oct 2009

With the FTSE currently indicating a strong open, as traders begin to feel more optimistic about the state of the economy, analysts will be paying close attention to economic data this week, which starts with the release of the UK Purchasing Managers Index. The FTSE is likely to start the week of in positive territory.  Meantime crude oil is trading below $70 a barrel after falling on concern that oil demand in the U.S., the biggest energy-consuming nation, will be slow to rebound after the jobless rate increased. Prices should continue to trade with in a tight 8 dollar range.

Pair in play

The Euro/JPY finds some support near the 130.00 mark, with that in mind a 4 day no touch on the pair with a trigger at 129.00 pays 19% ROI.