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.
Thanks to stable gains lasting since yesterday, GBPJPY reached the area of earlier broken support (now a resistance), where today there was first bearish reaction. If this zone would be rejected right now, we can expect another decreases. This scenario is supported by relativily small dynamics of current gains, which makes us think, that this is just a correction. In short term it is worth to consider PUT option on this instrument.
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