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.
As a result of a four-week rally, CADJPY reached a very strong resistance level of 89.65, where today a dynamic supply response has emerged. Permanent rejection of this zone could open the way to declines, for which potential range would be around the bullish trend line. In short term, therefore, it is worth considering PUT option on this instrument.
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