Option for today is a series of analyses for binary options in cooperation with the BDSwiss broker. Every day we present the best options PUT or CALL for the selected financial instrument with its current technical analysis.
GBPUSD currency pair yesterday defeated a very important from the point of view of daily chart support at 1.2878 and we are currently on the lowest level in last three months. The rejection of that level could trigger fairly significant increases and if broken – decreases even in the region of the historical lows 1.0777.
On the 30-minute chart we see that since yesterday the market moves in correction forming a triangle pattern. From a technical point of view, it is more likely that bullish breakout will happen, for which confirmation is the essence of current support.
Durable upside breakout of the triangle and overcoming today’s highs could be a good hint that sentiment of the market is changing and in this area we could consider opening CALL option. However, if the market breaks the bottom, then there would be a potential signal to open the PUT options.
BDSwiss offers a 75% return if the option. If you win, this is how much you will earn. If you lose, you never lose more than you bet. You can also choose other options expiration time, both in the shorter and longer term.