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.
GBPCAD has moved dynamically to the south since the beginning of the month. As a result of this decline, the market broken past Friday support level at 1.6710. Since then, we have seen a narrow consolidation below this level. Its re-test and rejection could open the way to further decline. In the short term, therefore, it is worth considering the PUT option on this instrument.
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