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 lasting since August 29th growth, GBPCHF has reached the upper limit of consolidation from June 2016, where (as we can observe on lower intervals) today the first supply reaction has already occurred. Considering that during the growth of these increases no downward correction occurred, we can expect the pair to reject this resistance and at least slight declines. In the short term, therefore, it is worth considering PUT option on this instrument.
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