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.
At the beginning of today’s analysis, I would like to inform that efficiency of my analysis in the “Option for Today” series in August amounted to 78.95%, which means a possible return on investment of 7.12: 1. I presented in a separate article, which you will find here, a detailed summary and description of the new cycle, which will soon appear on comparic.com.
As a result of today’s bearish gap, the EURJPY exchange rate reached the area of significant support, which coincided with a 38.2% Fibonacci corrections from earlier gains, where demand response occurred immediately. Rejection of this zone could open the way to growth. So in the short term, you should consider CALL option on this instrument.
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