Option for today is an analysis cycle for binary options in cooperation with BDSwiss broker. Every day we present the best PUT or CALL options for a selected financial instrument along with its current technical analysis.
Pair GBPUSD has been slowly moving north since last Friday. These increases are, however, significantly less dynamic than those declines which we observed for almost a whole week, as a result this growth is more like a correction than a new impulse. As a result of these increases, market reached today local resistance at 1.2850.
Looking on 30-minute graph, we notice that first (small at the moment) supply response has already emerged in its vicinity, resulting in drawing bearish pin-bar candles. A permanent rejection of this level could thus be a signal to continue declines. In short term, therefore, it is worth considering PUT option on this instrument.
BDSwiss, offers 71% return on options. If you win, the greater will be the percentage of your earnings from invested stake. If you lose, regardless of the size of the defeat, you will never lose more than you bet. You can also choose other expiration hours for options, both shorter and longer.
