The option for today is a series of articles about binary options in cooperation with uTrader broker. Every day we present the best PUT or CALL options for a selected financial instrument along with its current technical analysis.
As a result of calm increases lasting from Friday, EURJPY currency pair reached the area of previously defeated support (now resistance), where the first supply reaction appeared yesterday. Nevertheless, this level has not been permanently rejected and now we are once again in its vicinity. It is also worth noting that this zone coincides with measuring 50% of the Fibonacci correction from earlier decreases. If this resistance is rejected, we would expect return of declines so in the short term it is worth considering the PUT option on this instrument.
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