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 recent rally of the USDJPY, deepened by today’s bullish gap, pair reached upper limit of the long-term consolidation and the downward trend line, where the first (and so far weak) supply-side reaction has occurred,

USDJPY Weekly

what is well seen on daily chart:

USDJPY Daily

On the M15 chart we will see how precisely the market tested the resistance. There was a supply reaction, which led to a subsequent decline. Currently the course is in the area of local resistance resulting from today’s opening. In the near future we would expect to see new declines. In the short term, it is therefore worth considering PUT option on this instrument.

USDJPY M15

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