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 selected financial instrument with its current technical analysis.
The AUDJPY currency pair moves north from last Friday. As a result of these increases, market reached a very important resistance of 84.02, where yesterday there was a bearish reaction. The fall has not lasted too long, and now we are once again in the area of this level, where the supply reaction has reappeared. Permanent rejection of this level could cause declines.
Looking at H4 chart, we may find that market may now create the right shoulder of formation H&S. If the currently tested resistance will be rejected we could expect declines in a slightly longer time horizon. Therefore, in both short and long term, you should consider the PUT option on this instrument.
BDSwiss offers a 72% return. 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.