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 yesterday growth USDJPY has overcome today its local resistance at 112.50. If there is no supply reaction in the near future that could negate this rebound, we would expect pair could continue this rally.
Looking at the daily chart, we will see that from a technical point of view, the market could reach even vicinity of 114.30 which is the upper limit of a long lasting consolidation. So in short term, you should consider CALL options on this instrument.
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