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.

As a result of the two-week’s growth, the USDJPY reached the bearish trend line, where the first supply reaction appeared today. Considering that this resistance remains unconquerable from June 2015, we could expect its rejection. In the short term, therefore, it is worth considering the PUT option on this instrument.

USDJPY TradingView

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