The option for today is an analysis cycle for 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.
According to my yesterday’s projection, GBPUSD reached local resistance at 1.2960, where today the first supply reaction has already occurred. This level in the past was the lower limitation of previous consolidation and despite being defeated over two weeks ago, we are currently observing its first re-test. A permanent rejection of this zone could open the way for at least a downward correction. In the short term, therefore, it is worth considering PUT option on this instrument.
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