Robinhood Expands Sports Event Contracts With Player Performance Wagers 
The pair was neither unsustainable breaking above the resistance at 121.678 levels no does it breach below support at 118.942 on the downside on weekly charts, leading RSI oscillator showing convergence with falling prices. We've been reiterating that it is not going to be steep recovery nor deep slumps, now look at the USDJPY prevailing price at 120.253 which is still well below moving average curve that signifies short term trend favors yen's gains and lows of last month 116.072, we reckon it is pretty much possible to test somewhere that area.
However, dollar strength can be possible at any point of time considering the phenomenal economic activity from U.S side is on the table, so above resistance can also not be disregarded.
This strategy has already moved in as per our predictions in the history and yielded desired returns, for now we still believe that same fluctuations would repeat again. Hence, stay firm with the execution: Shorting 2D (1.5%) ITM put option would do their jobs when pair bounces and simultaneously add longs on 7D ATM -0.49 delta put option and one more 7D (-1%) OTM -0.19 delta put option.
The delta of combined position would be at 0.11. Maximum returns are limited to the extent of initial credit received if the USDJPY rallies above the upper breakeven point (BEP) but large unlimited profit can be achieved should the underlying exchange rate of USDJPY makes a vivid downswings below the lower BEP.
