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.
GBPCHF has been calmly moving north since last Thursday. As a result of these increases, the market reached the local resistance at 1.3180, which coincided with the Fibo 50% correction from previous decline, where yesterday the first supply reaction already occurred. Rejection of this zone could open the way to declines. In the short term, therefore, it is worth considering PUT option on this instrument.
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