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.
USDJPY has been moving for a long time in a relatively broad consolidation. As a result of rejecting its upper limit (resistance) declines has been observed since Wednesday, which has led pair to a significant level of support where the first demand response has already emerged. Permanent rejection of this zone could open the way to growth. Even if they will not reach 110.93 once again, the local resistance in the area measuring 50% of the Fibonacci correction from the last downturn seems to be the most achievable. So in the short term, you should consider CALL option on this instrument.
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