The option for today is an analysis cycle for 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.
USDJPY has been moving for a week in a consolidation, its upper limit is very precisely matching 50% Fibonacci correction from the previous downward movement. As a result of yesterday’s upswing, the market reached resistance, where today in the morning a supply reaction occurred. Permanent rejection of this zone could open the way to declines. In short term, therefore, it is worth considering PUT option on this instrument.
Binary options broker uTrader offers a 76% return. If you win your account will increase by such percentage of the invested amount. If you lose, regardless of the size of the loss, you never lose more than you bet. You can also choose other expiration hours for options, both shorter and longer. Practice for free on your DEMO account or create a real account and earn 50 to 150% Welcome Bonus.