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 the three-week declines, AUDJPY’s currency pair crossed the upward trend line. Later declines did not last long and the market yesterday oscillated near local resistance of 87.90, where the first supply reaction had already occurred. A permanent rejection of this zone could open the door to declines. So in the short term, you should consider PUT option on this instrument.

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